Japan projects its economy far from achieving fiscal health goal by FY 2025

Japan is far from achieving its target of running a primary balance surplus in fiscal 2025 despite increased tax revenue, the government's latest longer-term projections showed Monday.According to the projections, the government will run a primary balance deficit of at least 2.4 trillion yen ($21.7 billion) in the fiscal year ending March 2026 unless it takes more steps to improve its finances.It means the government will have to boost revenue by more than projected, cut spending, or both, in order to achieve its goal of logging a primary balance surplus or having more than enough tax reven…READ FULL ARTICLE