Retraction. Starting in June 2026, The Fold published a storyline reporting that Iran's Supreme Leader Ali Khamenei was assassinated on February 28, that his son Mojtaba Khamenei was installed as his successor, and that a US-Iran war, ceasefire, and Doha diplomatic process followed — including in this article. We have found no independent, verifiable reporting supporting these specific claims. The storyline originated as an error in our automated drafting process: an early chapter generated these details without a real source, and later chapters treated the invented premise as established fact instead of catching the error. We do not have independent knowledge of Mr. Khamenei's actual status and are not asserting an alternative account — we are withdrawing our own reporting because we cannot stand behind it. See our corrections log.
Storyline 3 chapters

Fiscal Policy

May 14 – May 29, 2026 Updated May 29

Every published chapter of The Fold's coverage of Fiscal Policy, in one place — oldest to newest, updated as the story develops.

National

OECD calls Takaichi's zero food-tax plan "blunt and costly" as Tokyo misses fiscal target again

The OECD published its first survey of Japan since 2024 on Wednesday and singled out Prime Minister Sanae Takaichi's plan to zero the consumption tax on food as not cost-effective. Tokyo is on track to miss its primary-balance target for fiscal 2026.

National

Takaichi unveils $19 billion extra budget to cushion fuel and import costs

Japanese Prime Minister Sanae Takaichi told reporters on Monday that the government would assemble a 3 trillion yen supplementary package financed largely by stronger tax revenues, reversing earlier guidance against new spending after the Iran war pushed energy bills higher.

National Latest

Takaichi unveils $19bn fuel-relief package while pledging no new borrowing as the BOJ is squeezed

Prime Minister Sanae Takaichi has announced a $19 billion supplementary package to subsidise fuel costs and ease cost-of-living pressures, while pledging that overall bond issuance will not rise. Her weak-yen strategy depends on the Bank of Japan holding back rate rises, even as Governor Kazuo Ueda warns about entrenched oil-driven inflation.

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