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Japan to keep primary surplus target despite shortfall outlook: Aso

Published 07/20/2017, 09:38 PM
Updated 07/20/2017, 09:40 PM
© Reuters. FILE PHOTO - Japanese Finance Minister Taro Aso waits for U.S. Secretary of the Treasury Steven Mnuchin before a bilateral meeting, during a G7 for Financial ministers, in the southern Italian city of Bari

TOKYO (Reuters) - Japanese Finance Minister Taro Aso said on Friday the government would stick to its aim of achieving a primary budget surplus in the fiscal year ending in March 2021 despite its most recent projection for a $73 billion shortfall.

Aso made the remarks to reporters after a cabinet meeting when asked about the government's projection this week that the primary budget deficit would total 8.2 trillion yen ($73.2 billion) in fiscal 2020/21 even assuming healthy economic growth.

© Reuters. FILE PHOTO - Japanese Finance Minister Taro Aso waits for U.S. Secretary of the Treasury Steven Mnuchin before a bilateral meeting, during a G7 for Financial ministers, in the southern Italian city of Bari

($1 = 111.9900 yen)

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