Japan's Finance Minister Mr. Katayama has strongly emphasized the need for aggressive fiscal policy in recent public comments. Though he didn’t specify the sectors or areas that would receive this improved funding, Katayama insists that such spending is integral for stimulating Japan’s economy. The proposed changes have sparked intense discussion among economic analysts and political figures.

Japan, known for its strict budgeting and disciplined economy, sees this as a significant statement. The public is aware that Japan's economy has significant baggage – rapidly aging population, high public debt and prolonged deflation. Any drastic change in fiscal policy is always a topic of keen interest, and brings with it concerns of inflation and sovereign debt ratings in the minds of its citizens.

In the US and EU, expansive fiscal policy is also a regular topic of contentious debate among policy-makers. Similar to Japan, it's often seen as a tool for stimulating economies during downturns or recessions. However, where Japan's public debt is primarily domestically owned, U.S. and parts of EU have significant foreign ownership, creating different set of accountability and repercussions.