• Kyodo News


The government plans to keep new debt issuance for fiscal 2010 below ¥44 trillion and try to reduce the issuance from that threshold as much as possible, according to a basic policy draft on the fiscal 2010 budget made available Monday.

The wording, however, may be modified before finalizing the basic policy because achieving that target would be difficult due to an expected shortfall in tax revenue in fiscal 2010, observers said.

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