KONTAN.CO.ID - TOKYO. Japan's government is expected to cut new bond issuance for fiscal 2018 from the previous year thanks to economic recovery pushing up tax revenues, the Nikkei newspaper reported on Thursday. Total new bond issuance will likely fall by as much as several hundreds of billion yen in the next fiscal year from the current year's 34.37 trillion yen ($304.83 billion), the paper said without citing sources. That would be the eighth straight year of declines in new bond issuance, offering some relief for premier Shinzo Abe's administration that seeks to balance the need to reflate the economy and fix Japan's tattered finances.
Japan to cut new govt bond issuance
KONTAN.CO.ID - TOKYO. Japan's government is expected to cut new bond issuance for fiscal 2018 from the previous year thanks to economic recovery pushing up tax revenues, the Nikkei newspaper reported on Thursday. Total new bond issuance will likely fall by as much as several hundreds of billion yen in the next fiscal year from the current year's 34.37 trillion yen ($304.83 billion), the paper said without citing sources. That would be the eighth straight year of declines in new bond issuance, offering some relief for premier Shinzo Abe's administration that seeks to balance the need to reflate the economy and fix Japan's tattered finances.
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