This document summarizes the agenda and distributed materials for the 9th Economic and Fiscal Policy Council meeting held on July 28, 2025.
The meeting was held from 2:10 PM to 2:55 PM on Monday, July 28, 2025, in the Large Conference Room on the 4th floor of the Prime Minister's Official Residence. The agenda consisted of two main themes: (1) Future examination issues, and (2) Toward the overall budget framework, which were discussed.
Five sets of materials were distributed. Material 1 presented "Issues for Examination by the Council for Economic and Fiscal Policy" submitted by expert members. Material 2 served as reference material on the same theme, providing more detailed analytical data in a 856KB PDF. Material 3 prepared "Basic Macroeconomic Materials" by the Cabinet Office in a 727KB volume, organizing fundamental data on current economic conditions.
Regarding budget-related matters, Material 4 was submitted by expert members as "Toward the Overall Framework for FY2026 Budget" in a 564KB document, presenting specific recommendations for next year's budget compilation. Additionally, Material 5 was submitted by Member Kato as "Regarding FY2024 Settlement of Accounts" in a 222KB document, sharing analysis of the previous year's fiscal execution results.
The meeting featured active discussions on future directions for economic and fiscal policy, with particular focus on the basic approach to FY2026 budget compilation and priority areas.
The article demonstrates that comprehensive examination of next year's budget compilation and medium- to long-term policy issues was conducted at the Council for Economic and Fiscal Policy, Japan's highest decision-making body for economic and fiscal policy.