Japan's JIP co-leader Fujita says markets appear to be concerned by aggressive fiscal policy, and Japan needs to cut back on subsidies but with minimal impact

• Spending overhaul will provide savings in the trillions.

Japan's co-leader Fujita's remarks highlight market concerns regarding aggressive fiscal policies, suggesting a potential shift towards reduced government spending on subsidies. This move, aimed at generating substantial savings, may imply tighter fiscal conditions ahead; thus, it could influence the JPY and commodities markets as investors assess the broader implications for Japan's economic stability and growth trajectory.