Japan to cut planned bond sales
News On Japan via Wall Street Journal -- Jan 30

Faced with balancing aggressive spending plans on a mountain of debt, Japan's government said it would cut overall planned bond issuance in the coming fiscal year. But investors are likely to see some of the plan's one-off issuance reduction tactics as little more than a temporary fix to an escalating problem.

Of the 92.6 trillion yen ($1.02 trillion) in expenditures in the government's budget proposal for the fiscal year starting in April, ¥42.9 trillion will be financed through the issuance of new bonds, slightly less than ¥44.2 trillion in the current fiscal year.

29日、第2次安倍政権初となる2013年度予算が閣議決定された。 予算案では、国の収入である税収が、借金である国債の新規発行額を4年ぶりに上回って、財政健全化に向けた一歩を踏み出した。




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