"After all, the 'fiscal rebuilding target' is a mistake, why only this reason Why did the second LDP LDP stood up

On July 5, 28 LDP Liberal Democratic Representatives members made a recommendation of "Recommendations on fiscal policy necessary to achieve fiscal reconstruction while at the same time putting the Japanese economy on the growth path, completely withdrawing from deflationary recession" , The official residence (Secretary of the Deputy Chief Cabinet Secretariat Hagyuda) and the Liberal Democratic Party Executive Division (Special Assistant to Governor Nishimura).
The author believes that this proposal will be a "trump card" to regenerate the Japanese economy and make the fiscal health sound. In this paper, I would like to explain its contents and background.
■ poisoned arrow that is not yet pulled out
On June 9, the policy of the government budget that determines the direction of the Japanese economy was decided by the Cabinet as "political policy".
Toward this decision, the author, as a member of the Cabinet Secretariat in charge of economic policy,
"The old government policy is that the" discipline "of the budget is too severe, tax cuts and budget cuts are carried forward excessively, and as a result deflationary depression continues, which is exacerbating the financial situation, so we aim for true" fiscal reconstruction " Then temporarily relax the fiscal discipline, it is essential to thoroughly develop aggressive finance that will end deflation in the short term "
We continue to propose to the inside and outside the government repeated arguments.
As a result, some of such writings by the authors were adopted in this "skeleton". And the financial goal was clearly stated that "It is not merely a tax increase and budget cut, that is," just austerity ", but also the economy is grown and the burden of debt is reduced".
With this goal, even with the latest "bone", even in the latest "skeleton" it became possible to improve financial problems through enriching Japanese people - even the latest "skeleton" - the "primary balance surplus target" (or the PB goal Abbreviation of extreme discipline of abbreviation) was not lifted. In other words, "Poison target" that was driven into Japan by PB target was not pulled out.
For this reason, Japan still can not escape from deflation, and it is placed in a situation where it can not expect mid- to long-term fiscal improvement - the reason is as follows. (Abbreviated) "


First of all, I would like to understand the basic style of the Treasury Department, but it was clear to everyone's eyes that in the mid 1990's, Japan aged and social security expenditure increased.
Nonetheless, at that time Japan suffered from the collapse of the bubble and the total demand was already in short supply. The reason is that the company has been running debt repayment due to the collapse of the bubble and the people began to add bank deposits.

Both bank deposit and debt repayment, neither consumption nor investment. While citizens restrained "demand", social security expenditure increased due to the aging population was rather 僥 僥.
However, the Ministry of Finance (then the Ministry of Finance) did not think so.

"Social security expenditure will increase unnecessarily, in that case, we must cut down on other expenditure"
Based on the policy of public investment, defense expenditure, science and technology research expenses, education expenses, etc., essential expenditure for Japan's prosperity was reduced and suppressed.