Japan to Issue New Deficit Bonds for Extra Budget

Japanese Prime Minister Sanae Takaichi said the government will issue new deficit financing bonds to pay for an extra budget. The prime minister added that the move will not increase overall bond issuance measured on a calendar-year basis.

Takaichi made the remarks while outlining how the government plans to cover additional spending without altering the annual bond calendar. The extra budget will be financed through the new deficit bonds, according to the statement.

Issuance volume will remain unchanged when calculated across the full calendar year, the prime minister stated. No further details on the size of the extra budget or the timing of the bond sales were provided in the remarks.