• World - Asia
  • Updated: January 23, 2023

Japan Finance Minister Issues Warning Over Finances

Japan Finance Minister Shunichi Suzuki warned on Monday that the country's finances are becoming precarious.

Suzuki said; "Japan's public finances have increased in severity to an unprecedented degree as we have compiled supplementary budgets to respond to the coronavirus and similar issues."

"The government will strive to stably manage Japanese government bond (JGBs) issuance through close communication with the market

"Overall JGB issuance, including rolling over bonds, remain at an extremely high level worth about 206 trillion yen.

"We will step up efforts to keep JGB issuance stable", he added.

Suzuki reiterated the government's aim to achieve an annual budget surplus – excluding new bond sales and debt-servicing costs – in the fiscal year to March 2026.

The government, however, has missed budget-balancing targets for a decade.

Related Topics

Join our Telegram platform to get news update Join Now
Quadri Adejumo
Quadri Adejumo

Quadri Adejumo covers World Health, Climate & Humanitarian. He's on Twitter as quadri_flash. ...

More From this Author


custodian investment plc Financial Services

Custodian Investment Plc. is an investment company with significant holding in c...

cornerstone insurance plc Financial Services

Cornerstone Insurance Plc was incorporated on 26th July 1991 as a private limite...

staco insurance plc Financial Services


0 Comment(s)


See this post in...