Katayama says Japan will limit debt for extra budget
Finance Minister Katayama says Japan will limit new debt for a 3 trillion yen extra budget. The package aims to cushion the impact of rising war-related costs.
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Japan will limit new debt issuance for a 3 trillion yen ($18.9 billion) supplementary budget to cushion the economic blow from a spike in costs brought by the Iran war. Finance Minister Satsuki Katayama confirmed the fiscal approach on Friday following instructions from the Prime Minister. The move aims to stabilize the economy without further straining the national balance sheet.
