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macroJul 9, 2026, 8:06 AM

Japan Aims to Lower Debt-to-GDP Ratio to Secure Market Trust

Japan's Chief Cabinet Secretary Minoru Kihara stated on Thursday that the government intends to gradually reduce the debt-to-GDP ratio to maintain market confidence.

Japan's Chief Cabinet Secretary Minoru Kihara reiterated the government's commitment to fiscal consolidation during Thursday's European trading session. He emphasized that the administration aims to secure market trust by steadily lowering the country's debt-to-GDP ratio.

The statement comes amid ongoing concerns over Japan's large public debt, which is among the highest in the developed world. Kihara's remarks are seen as a reassurance to investors that the government remains focused on long-term fiscal sustainability.

Source: FXStreet Forex News