Japan’s Suga will focus on structural reform
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Significance All this and more will be necessary as he confronts entrenched interests embedded by decades of rarely interrupted Liberal Democratic Party (LDP) rule. Impacts It is now accepted that fiscal stimulus will continue into the indefinite future. With interest rates near zero and insufficient private demand, there will be little concern about deficits. ‘Digitalisation’ will be a major focus for Suga, creating opportunities for the IT sector.