日本学者：真忍不住想把这届政府称作“亡国”内阁

Core Viewpoint - The Japanese government, led by Prime Minister Sanna Takashi, is pushing for a supplementary budget of 18.3 trillion yen (approximately 118 billion USD) to address rising prices, but this has raised concerns about the sustainability of Japan's fiscal policy and the potential for further inflation [1][4][6]. Economic Stimulus Measures - The proposed economic stimulus plan includes tax reductions on gasoline and diesel, expanded subsidies for winter electricity and gas, and an increase in the personal income tax threshold [2][7]. - Despite these measures, real wages are not keeping pace with inflation, leading to a decline in consumer purchasing power [2][7]. Inflation and Price Increases - Japan's core consumer price index, excluding fresh food, has risen for 50 consecutive months, indicating persistent inflation [2][7]. - A report indicates that by 2025, 20,609 food items are expected to see price increases, a significant rise from 12,520 items the previous year, marking an increase of approximately 65% [2][7]. Public Sentiment and Market Reactions - Public sentiment towards the economic stimulus plan is largely negative, with many citizens believing that subsidies will only provide temporary relief and may lead to further price increases in the long term [2][7]. - Concerns about the sustainability of Japan's fiscal policy have led to a sell-off in long-term bonds, with the yield on new 10-year government bonds reaching 1.935%, the highest since July 2007 [2][8]. Fiscal Policy Concerns - Analysts warn that the expansionary fiscal policy could lead to rising bond yields, further depreciation of the yen, and increased inflation, potentially destabilizing financial markets [3][8]. - The proposed budget relies heavily on new government debt, with 11.7 trillion yen of the budget expected to be financed through new bond issuance, raising alarms about the government's fiscal responsibility [3][8].