Fresh economic stimulus measures must not contradict the government's resolve for fiscal restoration, Finance Minister Yoshihiko Noda said Friday, while indicating he is not considering new bond issuances to finance the strategy.
"This administration is tasked with both stimulating the economy and restoring (government) finances," Noda said. "As for whether we need to issue new government bonds (for the stimulus measures), we should make a decision after closely watching the economic situation."
Noda's comments came after Kokumin Shinto (People's New Party), the junior coalition partner of Prime Minister Naoto Kan's Democratic Party of Japan, called on the administration to compile stimulus measures worth about ¥11 trillion and form a supplementary budget for fiscal 2010 to pay for them.