Scott Besant

speaker

860 appearances 122 recordings 17 series first heard Dec 2024 last heard 5 Jun

Scott Besant’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 77 in all, peaking in Jan 2026 with 26.

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Look, the prime minister is fantastic.

She's very popular.

She's called this snap election to give her a longer mandate.

But I think that they failed to recognize Abenomics was a reflationary program, brought Japan out of

20 years of a malaise, a deflationary malaise.

But that program has been running for 14 years.

So what Japan doesn't need is more stimulus.

What they do need is to let the BOJ do their job.

So I'm confident that she, the economic team, will do whatever it takes to stabilize the message.

Well, Steve, for the calendar year, the deficit actually went down by about $200 billion, and a big reason for that was President Trump's tariffs.

So we had a fiscal contraction, and then we grew the GDP.

Call it 3% with about 2.5% inflation.

So the really important number to look at here is the deficit to GDP.

So 2024 deficit to GDP calendar year, not fiscal year, was 6.9%.

This past year, 2025, 5.4%.

So we have made a substantial dent in the deficit to GDP.

That's the important number.

That shows that we are growing our way out of this.

So we brought the numerator down and we grew the denominator.

And if we keep this up, we're well on the way to my 3% deficit to GDP by the time the president leaves office.

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