Japan's Takaichi says fiscal policy not 'reckless', will lower debt ratio

Japanese Prime Minister Sanae Takaichi said Friday that her fiscal policies will not be "reckless", as investors worry that her efforts to boost growth and help consumers with inflation will swell the country's debts.

The government will keep the growth rate of outstanding debt within the range of the economic growth rate and steadily bring down the government debt-to-GDP ratio," she said in a policy address. She added that she wanted to make the Japanese archipelago strong and prosperous. She also pledged to promote domestic investment in risk management areas such as energy, health, infrastructure and cyber security.