Japan Adds Stimulus as MOF Holds Emergency Bond Talks
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Japan announced 750 billion yen ($9.4 billion) of fiscal stimulus to shore up growth as bond investors told the government they’re worried about delays in financing more spending.
With lawmakers in the Diet blocking financing legislation, some of the extra money will come from discretionary budget funds, the government said in Tokyo today. The Finance Ministry said the impasse may affect a debt sale planned for December, after an emergency meeting with primary bond dealers.