A survey conducted by Kyodo News and released on August 20 found that 71.7% of respondents are worried that the planned tax cuts will make Japan's public finances worse.
The result reflects deep public concern over the sustainability of the national budget, as the government considers reducing the tax burden to support citizens and businesses amid inflationary pressures and rising living costs.
According to the survey data, only a small percentage of people believe that tax cuts will not have a significant impact on public finances. In contrast, the majority emphasized the need to maintain fiscal discipline to avoid adding further pressure on an already high public debt.
Economists noted that this survey outcome could pressure the government to more carefully weigh the goals of economic stimulus against financial stability. Japan's public debt is among the highest in the world, exceeding 2.5 times the size of its economy.
