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Japan's PM Takaichi Proposes Cabinet Pay Cuts Amid Reforms

11/10/2025

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Summary

Story summary

Japanese Prime Minister Sanae Takaichi plans to cut Cabinet salaries, including her own, via remuneration-law revision.
She aims to show reform with the Japan Innovation Party.
Takaichi announced a new fiscal target allowing flexible spending, potentially undermining fiscal consolidation.
She proposed a future sales tax cut and urged investment to spur growth.
In January, she will instruct her cabinet to develop this framework, moving from primary balance.

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Story summary

Japanese Prime Minister Sanae Takaichi plans to cut Cabinet salaries, including her own, via remuneration-law revision.
She aims to show reform with the Japan Innovation Party.
Takaichi announced a new fiscal target allowing flexible spending, potentially undermining fiscal consolidation.
She proposed a future sales tax cut and urged investment to spur growth.
In January, she will instruct her cabinet to develop this framework, moving from primary balance.