• Kyodo

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The government will issue an additional ¥1.8 trillion ($15.2 billion) in bonds this fiscal year to make up for a shortfall in tax revenue and to help pay for a third extra budget, according to government sources.

Reflecting sluggish corporate tax revenue, the government will cut its fiscal 2016 tax revenue estimate by ¥1.7 trillion to ¥55.9 trillion, the sources said.

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