Japan's borrowing plan may put strain on BOJ.
Global Banking News-10 April 2009-Japan's borrowing plan may put strain on BOJ(C)2009 ENPublishing - http://www.enpublishing.co.ukGlobal Banking News - 10 April 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk
It is expected that Japan's record borrowing plan may put pressure on the Bank of Japan.
The Japanese government had said that it was planning to sell more than USD100bn in debt in the next 12 months to finance an economic stimulus plan. This move is expected to put pressure on the Bank of Japan to buy more government bonds.
The stimulus plan was unveiled by the government, which acknowledged that the economy was in a crisis. It would include JPY15.4tn of new spending.
[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]
((Distributed via M2 Communications Ltd - http://www.m2.com))
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| Publication: | Global Banking News (GBN) |
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| Date: | Apr 10, 2009 |
| Words: | 143 |
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