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Japan cabinet approves record $939 billion....>

JAPAN
JAPAN: Japan cabinet approves record $939 billion budget spending plan for FY
2020/21 (RTRS)
- Japan's government has approved a record budget spending plan worth $939
billion for the coming fiscal year, the Ministry of Finance said on Friday, as
it struggles to curb spending and manage the industrial world's heaviest public
debt burden.
- Perhaps mindful of fiscal discipline, Japan aims to cut new bond issuance for
a 10th straight year - to 32.6 trillion yen from 32.7 trillion yen this year,
helped in part by additional revenues from the sales tax hike.
- Very similar to source reports released earlier this week.
- Link: https://tinyurl.com/tc7548l
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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