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No Elon Here: Japan’s ‘DOGE’ Chooses Bureaucracy Over Disruption


No Elon Here: Japan’s ‘DOGE’ Chooses Bureaucracy Over Disruption

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Japan has established the Department of Government Efficiency (DOGE) to review state spending and manage its stimulus package wisely, aiming to stabilize bond markets and prevent crypto market disruptions.

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  • Japan creates its own “Department of Government Efficiency” (DOGE) to audit state spending.
  • Unlike the aggressive US model, Tokyo’s version focuses on “surgical” subsidy reviews to balance record stimulus debt.
  • The move aims to calm bond markets after yields hit 2008 highs, triggering a crypto liquidation flush.

Japan has created a new government team called the Department of Government Efficiency, or DOGE for short. The goal of this new unit is to examine the national budget, remove wasteful expenses and weak subsidies, and redirect that money toward more effective programs. 

The timing is important because Japan is preparing a huge new stimulus package and wants to show that it can spend responsibly.

Surgical Cuts vs. ‘Slash-and-Burn’

While the department shares its acronym with the U.S. initiative formerly championed by Elon Musk, the operational mandate…

Read The Full Article No Elon Here: Japan’s ‘DOGE’ Chooses Bureaucracy Over Disruption On Coin Edition.

Read the article at CoinEdition

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