TOKYO (Reuters) - Japan will sell a record amount of extra bonds this fiscal year, worth more than US$165 billion, straining the industrial world's heaviest debt burden, as Tokyo compiles a record stimulus to combat the coronavirus.
Prime Minister Shinzo Abe on Tuesday rolled out a package worth 108.2 trillion yen (US$990 billion), or 20% the size of the economy, vowing to take "all steps" to combat deepening fallout from the virus pandemic.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!