By Leika Kihara

TOKYO (Reuters) -Japan on Tuesday launched a scheme aimed at cutting wasteful government spending by reviewing existing subsidy projects and investment funds, a move the administration hopes will alleviate market concern over its expansionary fiscal policy.

The idea, dubbed by some analysts as the Japanese version of U.S. President Donald Trump’s Department of Government Efficiency (DOGE), is among Prime Minister Sanae Takaichi’s priorities to convince the public her government is taking a careful approach on spending to avoid increasing Japan’s already huge debt.

Finance Minister Satsuki Katayama said on Tuesday she is leading a team, consisting of officials from the finance and other ministries, tasked with identifying tax-break and subsidy programmes that have become

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