Japan plans to issue $44 billion in bonds to fund a budget easing financial pressures on households.

Japan plans to issue 6.7 trillion yen (about $44 billion) in new government bonds to fund a supplementary budget aimed at easing financial pressures on households due to rising prices. The budget, totaling 13.9 trillion yen, will partly be funded by a 3.8 trillion yen tax surplus from strong corporate earnings. However, this move may worsen Japan's already fragile fiscal health, which is the worst among developed economies. The government aims to get parliamentary approval by December 21.

November 28, 2024
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