Thursday, 15 November 2012

Yahoo! Philippines News - Latest Philippines News & International News Headlines: Japan passes crucial deficit-financing bond bill

Yahoo! Philippines News - Latest Philippines News & International News Headlines
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Japan passes crucial deficit-financing bond bill
Nov 16th 2012, 03:13

Deficit-financing bonds are crucial to raising funds to pay for about 40% of Japan's gov't spending in the year to MarchJapanese lawmakers on Friday passed a crucial deficit-financing bond bill that will allow Tokyo to pay for a huge chunk of this year's public spending, avoiding the country's own "fiscal cliff".


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