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Japan intends to stimulate its economy by issuing construction bonds

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Japan intends to stimulate its economy by issuing construction bonds

According to Head of Economy Ministry of Japan, Nobuteru Ishihara, the country’s government might issue construction bonds to finance a stimulus package intended to stimulate its ailing economy.

The Minister made this statement on Tuesday, Reuters reports. Meanwhile, Nobuteru Ishihara didn’t specify the amount of spending planned by the government under the package. He said that the size of the package is being considered so far.

Head of the Economy Ministry also noted that he opposed issuing deficit-covering bonds to help funding of the stimulus package.

Ishihara met the press, following the discussion held between Prime Minister Shinzo Abe and the Japanese Government on the economic stimulus package.

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