Japan to Tie Green, Digital Investments to Government Cost Cuts

Japan’s debt-strapped government unveiled a budgeting mechanism to try to minimize the financial burden of new green and other growth initiatives by tying funding to cost-cutting results at its ministries.

Under the plan, ministries get 3 yen to spend on projects in targeted areas including the environment and digitalization for every yen they’re able to cut from other spending, according to documents released by the Cabinet Office Wednesday.