FOCUS: New PM likely to scale back fiscal goals to keep inflation in check

Newly elected Japanese Prime Minister Sanae Takaichi is expected to scale back her initial plan to spur demand with aggressive fiscal spending to avert a possible spike in inflation.Takaichi has been a vocal advocate of "Abenomics," a mix of government spending and monetary stimulus pursued by former Prime Minister Shinzo Abe, but has committed to evolving her economic policies as part of the ruling Liberal Democratic Party's coalition with the Japan Innovation Party.The JIP's pledge to boost growth through regulatory reforms and improve public finances through reduced spending "will tone d…READ FULL ARTICLE