As reported by CoinEdition, Japan has established a new government unit called the Department of Government Efficiency (DOGE) to review and cut wasteful spending, aiming to stabilize bond markets and restore financial trust. Unlike the U.S. version, Japan’s DOGE focuses on targeted subsidy reviews rather than broad cuts. The initiative coincides with a large stimulus package and rising bond yields, which recently triggered a crypto liquidation wave. Finance Minister Satsuki Katayama emphasized a 'micro-surgery' approach to spending, while Prime Minister Sanae Takaichi promotes an 'aggressive but responsible' fiscal strategy. The Bank of Japan also hinted at a potential rate hike, adding to market uncertainty.
Japan Launches 'DOGE' to Audit Spending Amid Market Volatility
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