Japan¡¯s top government spokesman ruled out the issuance of deficit bonds to fund an economic stimulus package planned for the autumn, hinting at the use of construction bonds for longer-term investments.
¡°We want to make full use of every possible resource, including for financing, to make it robust,¡± Chief Cabinet Secretary Yoshihide Suga said in an interview Saturday in Tokyo. ¡°I want to make it clear that we are not planning to issue¡± deficit bonds, he said.
In his first speech after winning an Upper House election last Sunday, Prime Minister Shinzo Abe outlined plans for a ¡°bold¡± stimulus package. He said it will include funds for regional infrastructure, such as bringing forward the construction of maglev and other high-speed train lines and improving facilities at ports for tourist cruise ships.
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