Prime Minister Takaichi calls for understanding of "responsible and proactive fiscal policy" in policy speech

``Decision, challenge, execution'' ``Decision, challenge, execution.'' Prime Minister Sanae Takaichi reiterated this in his policy statement on the 5th, making clear his stance to pursue economic growth. Without growth, ``wage increases will not continue,'' ``tax revenues will not rise,'' and ``social security will not be enhanced,'' he chanted, calling for understanding of his ``responsible active fiscal policy.''

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As long-term interest rates continue to rise and the yen continues to depreciate due to concerns about fiscal deterioration, he placed emphasis on "market confidence." “Fiscal sustainability” appeared three times. "This is a natural premise for promoting 'responsible and proactive public finances,'" he said. A senior administration official explained, ``It is only when there is market understanding that confidence can be gained.It is important to provide detailed explanations.''

In his speech, he quoted a line from the Chinese history book ``The Book of the Later Han Dynasty'': ``Those who have a will will make things happen.'' It means that ``those who have a strong will will always be able to accomplish something, even if there are difficulties.'' A person close to the prime minister said, ``It's been almost a year since the administration was inaugurated.He shows his enthusiasm for achieving results.''

According to those close to him, the prime minister was particular about ``penting,'' making corrections and notes himself. The length of the speech is approximately 8,800 characters. It was about 1,200 words longer than his first policy speech in October last year.