Japan's record spending plans for fiscal 2021, approved by the Cabinet on Monday, are likely to be inflated later by a series of supplementary budgets, as with the current fiscal year, as the adverse impact of the coronavirus pandemic is almost certain to persist for some time.Many private-sector economists have sounded the alarm over the erosion of Japan's fiscal discipline as they believe some of the economic measures drawn up by the government since the outbreak of the novel coronavirus were non-urgent despite an expected sharp fall in tax revenue."It's a waste of money to take consumpti…READ FULL ARTICLE
