Japan Panel to Seek Public Opinion on Fiscal Situation
Tokyo, Feb. 5 (Jiji Press)--A Finance Ministry panel has decided to seek public opinion on fiscal administration for the first time, in a move that reflects the panel's sense of urgency in restoring the country's fiscal health.
The Fiscal System Council, which advises the finance minister, will seek opinions from the public until April 5, in written form within 1,000 Japanese characters, a subcommittee of the council decided at a meeting on Monday.
Last November, the Fiscal System Council criticized Japan's fiscal administration during the Heisei era for inflicting a severe fiscal situation on future generations by continuing to issue government bonds.
The 30-year Heisei era is set to end on April 30 with Emperor Akihito's abdication.
By inviting public opinion, the council hopes to share with the public a strong sense of urgency and the need to restore fiscal health steadily.
[Copyright The Jiji Press, Ltd.]