Gaoshi Zaomiao promises to flexibly respond to market fluctuations and determine the scale of bond issuance based on interest rates

Japanese Prime Minister Hayao Takashi will promise to respond flexibly to unexpected developments in the economy and financial markets in his policy speech on the first day of the special parliamentary session on October 5th, and explain that the government will determine the annual bond issuance scale based on interest rate movements. Gaoshi Zaomiao expects that when there are unexpected changes in the economy and market, the government will analyze the impact and respond flexibly. The government has excluded the preparation of supplementary budgets, but will respond flexibly depending on the economic situation. Gaoshi Zaomiao announced last month that it aims to raise the issuance limit of new bonds to 40 trillion yen (approximately 255 billion US dollars) in the next fiscal year. (Source: Reuters)