Japan to sell record extra bonds to fund US$990mil stimulus

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.