TOKYO : Japan is set to craft an extra budget for fiscal 2021 on Friday, featuring spending of US$313 billion, a draft seen by Reuters showed, while keeping market issuance of interest-bearing bonds steady as it focuses efforts to ease the blow from the coronavirus pandemic.
Additional new bond issuance was seen reaching 22.1 trillion yen, bringing total new bond issuance for this fiscal year to 65.7 trillion yen. Of the record 221.4 trillion yen of market issuance, 138.2 trillion yen of interest-bearing bonds will be left unchanged for issuance for the fiscal year ending in March 2022.
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