Earlier headline here Japan govt to issue deficit-covering bonds (around Y1.9trln) to offset revenue shortfall
(Just a little bit) More now (via Reuters quoting government sources):
- Japan is considering issuing additional deficit-covering bonds worth around 1.9 trillion yen
- To offset an expected tax revenue shortfall in the current fiscal year (to March 2017)
- The plan will be included in a third supplementary budget expected to be approved by cabinet this month
- The government will also compile later this month an annual budget draft for the next fiscal year from April
- Finance Minister Taro Aso blamed the yen's gains in the first half of this fiscal year for a decline in tax revenue as a stronger currency squeezed profits at exporters
And, that's all the fresh detail for now ... I'll post if I get more
