Japan’s Aso: Could likely be forced to keep issuing deficit-covering bonds at least until 2025

Dhwani Mehta FXStreet

Japan could likely be forced to keep issuing deficit-covering bonds at least until 2025, Finance Minister Taro Aso said on Wednesday, given that country’s current fiscal situation.

Additional comments

"It's true Japan has been able to issue massive bonds stably at low cost.”

“Markets are calm now, but there is no guarantee it will stay that way in the future."

"Fiscal sustainability is very important for Japan" given its huge public debt.”

“Japan’s economy will likely deteriorate this quarter compared with the previous three-month period."

“The government was not currently considering adopting any fresh stimulus.”

USD/JPY flirts with highs

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Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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