It will be difficult for the government to limit the issuance of new government bonds for fiscal 2007, Finance Minister Koji Omi said Thursday.
Omi was commenting on a newspaper report earlier in the day that said Prime Minister Shinzo Abe will soon instruct the government and ruling coalition to cut the issuance of new government bonds for fiscal 2007 to 27 trillion yen, down from the 29.97 trillion yen planned for fiscal 2006.
Omi said he has not received any specific instructions from Abe on the matter, adding that the Finance Ministry has yet to discuss details of a numerical government bond issuance target for the fiscal year starting next April.