By Leika Kihara and Yoshifumi Takemoto

TOKYO (Reuters) -Japan’s reflationist advocates of expansionary fiscal policy are making a comeback in economic decision-making with some hand-picked by Prime Minister Sanae Takaichi to fill posts in key government panels.

The move heightens the chance proponents of former premier Shinzo Abe’s “Abenomics” stimulus will yield influence on the fiscal and monetary policies of Takaichi, who herself is known as an advocate of loose fiscal and monetary policy.

Among the reflationist academics, former Bank of Japan Deputy Governor Masazumi Wakatabe will join the Council of Economic and Fiscal Policy as one of the four private-sector members, the government said on Friday.

As the government’s top economic panel, the council lays out Japan’s long-term fisc

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