Japan reassures on bond

TOKYO: Japan's new finance minister has sought to quell concern about the country's weak finances, saying the government will not rely solely on debt to fund economic stimulus and will try to limit new debt issuance next fiscal year.

The government will compile spending requests for a stimulus package on Jan 7 and finalise the proposal shortly thereafter as Prime Minister Shinzo Abe tries to quickly enact his agenda of increased public works spending to boost the economy.