全球瞭望丨英国《经济学人》：高市早苗的经济政策将给日本带来麻烦

Group 1 - The article highlights the harmful combination of high inflation, yen depreciation, and rising bond yields in Japan, criticizing Prime Minister Kishi's outdated economic policies of "massive spending and maintaining low interest rates" [1] - Over the past six months, the yen has depreciated by 9% against the US dollar and reached its lowest level against the euro in 27 years, while the 30-year Japanese government bond yield has surged to its highest level since 1999 [1] - Kishi's supplementary budget plan amounts to 18.3 trillion yen (approximately 118 billion USD), which, despite its relatively low GDP ratio, sends negative signals to investors [1] Group 2 - The International Monetary Fund predicts that Japan's budget deficit as a percentage of GDP will rise to about 4.4% by 2030, significantly higher than the country's expected economic growth rate [2] - Factors such as defense spending, aging population-related expenses, and rising bond yields are expected to create a heavy burden on Japan's economy [2] - Kishi's approach mirrors that of former Prime Minister Shinzo Abe, who combined structural reforms with monetary and fiscal stimulus, although Abe's fiscal stance was more conservative than implied [2]