The Japanese finance ministry will hold crisis talks with bond dealers in the world’s largest government debt market on Friday, amid growing fears about the impact of a political stand-off on the nation’s finances.
In an echo of worries in the US over the fiscal cliff – the $600 billion of spending cuts and tax increases due to take effect in January – Japanese politicians are at loggerheads over a bill that would allow the government to borrow the Y38.3 trillion ($479 billion) needed to finance the budget deficit this year. |
发表于 2012-10-25 23:34
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发表于 2012-10-25 23:38
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