As prices soar, Japan will issue ¥2.7 trillion in new bonds for extra budget


The Japanese government plans to issue new bonds to fully fund a proposed ¥2.7 trillion fiscal 2022 supplementary budget that will contain emergency measures to cushion the impact of soaring prices, informed sources said Friday.

As a result, the total amount of new Japanese government bonds issued for the current fiscal year through next March will reach around ¥39.6 trillion, including ¥36.9 trillion to finance spending in the initial budget for the year.

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