9 October 2001, 10:15 Koizumi - Japan may scrap 30 trln yen cap on bond issues depending on economy
TOKYO (AFX-ASIA) - Prime Minister Junichiro Koizumi said the
government may abandon its commitment to limit issues of new bonds to
30 trln yen if the economy worsens.
"If unpredictable things happen in the future, we will take drastic
action and will not stick to the 30 trln yen bond issuance limit,
though we should respect the limit in principle," Koizumi said.
Koizumi was speaking to the budget committee of the Upper House of
parliament.
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