Jojima says Cabinet decided to re-submit deficit bond bill

Author: Ed Thomas | Category: Central Banks
  • Says budget funds will dry up by end of November.
  • Failure of bond bill would halt December bond issuance.
  • Failure of deficit bond bill may cause investor concern.
  • Further delay in bill may require more spending delays.
  • No decision made yet on possible further spending delays.
  • Investors expressed concern about delay of bond bill.
  • Investors say halt to bond sales would affect market.
  • Government will do best to pass deficit bond bill by November.
  • Expects BOJ to set policy appropriately.
  • Wants BOJ to closely coordinate with government.
  • Says Government ,BOJ agree on importance of beating deflation.
  • Hopes BOJ takes bold monetary policy action.

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They’ve got to do something before they fall off their ‘cliff’.-FT

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