Japan to set new debt-to-GDP ratio fiscal reform goal - Yomiuri - Reuters News

The Japanese government will adopt a new fiscal reform target that aims to keep the fiscal deficit to the nominal gross domestic product (GDP) at 3 percent or below in the year ending in March 2022, the Yomiuri newspaper today. 

The government will curb annual increases in social welfare costs as part of the new plan and is set to announce the reform target via government's guidelines on fiscal and economic policy, to be released in June.