The five-member study group, as it is called, consists of outside experts, including the head of fixed income group at Mitsubishi UFJ (NYSE:MUFG) Morgan Stanley (NYSE:MS) Securities and professors at prominent universities.
“While receiving opinions and advice from highly knowledgeable persons, we will begin discussions including technical aspects,” the ministry said in a statement on Wednesday, without elaborating.
Japan’s public debt is twice the size of its economy after years of fiscal stimulus, including recent efforts to battle the COVID-19 pandemic, have strained public finances, making fiscal reform an urgent task.
