Japan floats issuance of gov’t bonds for more defense spending – The Mainichi

Japan floats issuance of gov’t bonds for more defense spending – The Mainichi

https://mainichi.jp/english/articles/20220917/p2g/00m/0na/002000c

1 comment
  1. >TOKYO (Kyodo) — The Japanese government is considering issuing special bonds to achieve a substantial increase in defense spending with an eye to hiking taxes in the future to pay back the debt, sources familiar with the plan said Friday.
    >
    >For the repayment of the borrowed money, raising the corporate or tobacco taxes would be among the options to ensure higher revenue, the sources said. Such bonds are treated differently from others because the government decides in advance how it will repay them.

    Yeah, raising corporate or tobacco taxes would cover it. Let me guess they’re going to not get much from either of them.

    Also need to keep those interests low longer too

Leave a Reply
You May Also Like