TOKYO (Reuters) – Japan’s budget proposal for the 2023-2024 fiscal year could be as high as 114 trillion yen, the Nikkei reported, adding that the government could issue more than 35 trillion yen in bonds.
On Friday, Finance Minister Shunichi Suzuki said Japan must stick to its target of a primary budget surplus by the 2025 fiscal year, even as a planned increase in defence spending raises the spectre of worsening already dire public finances.
(Reporting by Elaine Lies; editing by Jonathan Oatis)
