Japan Kan: JGB cap doesn’t mean less fiscal spending

(For more stories on the Japanese economy, click [ID:nECONJP])

TOKYO, May 17 (BestGrowthStock) – Finance Minister Naoto Kan said on
Monday his plan to limit new Japanese government bond issuance
does not mean the government wants to cut spending.

Kan, speaking in the parliament, also said a certain amount
of fiscal spending is necessary as Japan is in deflation.

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(Reporting by Stanley White)

Japan Kan: JGB cap doesn’t mean less fiscal spending