Japan’s new DOGE agency will review inefficient fiscal measures while soliciting public feedback, as BOJ signals possible December rate hikes amid rising ultra-long yields.
Japan has established the Government Efficiency Department (DOGE) to identify and eliminate wasteful taxes and subsidies, with public input to be gathered by year-end. Finance Minister Satsuki Katayama pledged to direct funding toward essential areas. Meanwhile, Bank of Japan Governor Kazuo Ueda indicated the possibility of a rate hike in December due to rising ultra-long bond yields, suggesting coordination between fiscal reforms and monetary policy adjustments.