Financial Times FT.com

The man widely tipped to become Japan’s new finance minister has called for “substantial cuts” to the nearly Y15,000bn economic stimulus package being implemented in the world’s second largest economy.

Hirohisa Fujii: ‘The political situation now is completely different,’ he says, comparing the DPJ’s hefty majority with the coalition of the 1990s

Hirohisa Fujii, supreme adviser to the Democratic Party of Japan and one of its most influential leaders, told the Financial Times on Wednesday that reviewing the economy-boosting “supplementary budget” had to be a top priority for the new administration after it takes office next week.