Fitch says Japan fiscal discipline plan unlikely to lower debt burden x x x

TOKYO: Japan's public debt burden is likely to remain high under a new fiscal framework approved last month as the government’s structural reforms will not boost economic growth and tax revenue significantly, Fitch Ratings said.

Japan’s fiscal plan relies almost entirely on achieving high economic growth to increase tax revenue, but there is little room for the economy to accelerate as it is already near its potential growth rate, Fitch said in a statement.