Core Viewpoint - The Japanese Finance Minister, Katsuyuki Kitamura, emphasized that there is no divergence between the government and the Bank of Japan regarding economic assessments, highlighting their collaboration towards achieving price targets and fiscal sustainability [1] Economic Outlook - Both the government and the Bank of Japan believe that the Japanese economy is "moderately recovering" [1] - The Bank of Japan is expected to implement "appropriate monetary policy" to sustainably and stably achieve its price targets, reaffirming the independence of the central bank [1] Fiscal Policy - The government plans to coordinate with the ruling party on the review of subsidy projects and investment funds [1] - There is an intention to seek public opinion on "wasteful spending" issues by the end of the year [1] - Tax reform and budget preparation for next year will reflect the outcomes of government spending reviews conducted by an expert group [1]

Core Viewpoint - The meeting held on September 19 focused on advancing the budget preparation for Changsha's municipal level for 2026 and promoting zero-based budgeting reforms, highlighting the city's progress and future directions in fiscal management [1] Group 1: Zero-Based Budgeting Reform - The city has achieved significant results in deepening zero-based budgeting reforms, with a more robust review system, stronger expenditure guarantees, comprehensive supporting reforms, prominent performance leadership, and enhanced supervisory collaboration, creating a distinctive "Changsha experience" [1] - The emphasis is on recognizing the current situation and building consensus to align with reform objectives and development needs, ensuring a scientific approach to budget preparation [1] Group 2: Fiscal Management and Efficiency - The city must confront new challenges by solidifying fiscal work, accurately managing finances, and effectively utilizing fiscal funds to maximize their impact [1] - There is a call to adhere to new requirements by using zero-based budgeting as a guiding principle to improve budget preparation and enhance the efficiency and effectiveness of fiscal operations [1] Group 3: Collaborative Efforts and Quality Improvement - Relevant departments are urged to strengthen consensus on reforms and zero-based orientation, breaking away from "path dependence" [1] - There is a focus on improving policy clarity and project management to enhance the quality of budget preparation, with an emphasis on collaboration in key areas to build a strong working synergy [1]