Japanese Prime Minister Shinzo Abe said on Thursday he plans to use higher-than-expected tax revenue to fund economic stimulus spending rather than relying on issuing new debt.
Abe was speaking in the upper house budget committee.
The government will announce in early December details of a 5 trillion yen ($51 billion) economic stimulus package meant to offset the drag from an increase in the sales tax next April. ($1 = 97.2900 Japanese yen)
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.