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The Japanese version of the "Government Efficiency Department" has been launched, with the Cabinet swiftly responding to the central bank's interest rate hike hint.
BlockBeats News, December 2nd, the Japanese government has launched its own version of the "Government Efficiency Department" (DOGE), and at its inaugural meeting, it has established a plan to identify and eliminate inefficient tax measures and subsidies.
Following the first DOGE meeting, Finance Minister Taro Aso told reporters on Tuesday, "By eliminating waste through the efforts of everyone, including the public, and redirecting funds to areas that truly need it, we will stand in stark contrast to previous administrations. This is crucial for maintaining trust in the country, our currency, and the market."
Taro Aso also stated that after Bank of Japan Governor Haruhiko Kuroda expressed confidence in the economic outlook and hinted at a possible interest rate hike, she believes there is no discrepancy between the government and the Bank of Japan in their assessment of the economy. Japan's Minister of State for Economic Growth Strategy Minoru Kiuchi echoed these comments verbatim, indicating that this response was a result of cabinet coordination aimed at conveying a unified support signal. (Kinoko)
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