- Analytics
- News and Tools
- Market News
- Japan’s Suzuki: Country’s finances are becoming increasingly precarious
Japan’s Suzuki: Country’s finances are becoming increasingly precarious
Japan’s Finance Minister Shunichi Suzuki warned about the country’s finances during his appearance on Monday.
Key quotes
"Japan's public finances have increased in severity to an unprecedented degree as we have compiled supplementary budgets to respond to the coronavirus and similar issues,"
"The government will strive to stably manage Japanese government bond (JGBs) issuance through close communication with the market.”
"Overall JGB issuance, including rolling over bonds, remains at an extremely high-level worth about 206 trillion yen ($1.6 trillion). "We will step up efforts to keep JGB issuance stable."
"Public finance is the cornerstone of a country's trust. We must secure fiscal space under normal circumstances to safeguard trust in Japan and people's livelihood at a time of emergency."
His comments come as the country’s public debt is more than double its annual economic output, thus far.
Market reaction
USD/JPY is extending its recovery toward 130.00, adding 0.25% on the day, as of writing.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
