日本财相片山皋月首度表态：或增发国债为经济刺激计划融资

Core Viewpoint - Japan's Finance Minister, Shunichi Suzuki, indicated that if current revenue sources are insufficient to support Prime Minister Fumio Kishida's upcoming economic stimulus plan, the government may need to issue additional national bonds for financing [1][2]. Group 1: Economic Stimulus Plan - The economic stimulus plan is a priority for Prime Minister Kishida, aimed at addressing inflation and other challenges, and is expected to include measures to stabilize prices and increase defense spending [1][2]. - The supplementary budget for the stimulus plan is anticipated to be adequate to meet its goals, although it may not be excessively large [2]. Group 2: Tax Considerations - The government is considering a reduction in the food sales tax as part of an agreement with the Japan Innovation Party, but Finance Minister Suzuki emphasized the need to carefully evaluate various factors, including the tax's role in social security funding and the technical challenges of implementing such adjustments [2][3]. Group 3: Debt Management and Market Reactions - Concerns over fiscal expansion have led to an increase in Japan's long-term government bond yields, with the 30-year bond yield reaching a historical high of 3.3% earlier this month [3]. - The Bank of Japan is reducing its bond purchase scale, which has raised supply and demand concerns in the market [3]. Group 4: Bond Issuance Strategy - The government is preparing to issue various types of bonds, including floating-rate bonds linked to short-term interest rates, and is considering expanding the definition of qualified individual investors to include non-profit organizations and medical corporations [4]. Group 5: Leadership and International Relations - Shunichi Suzuki recently became Japan's first female Finance Minister, following Prime Minister Kishida's historic appointment as the first female Prime Minister [5]. - Following a joint interview, Suzuki had a brief conversation with U.S. Treasury Secretary Janet Yellen, indicating plans for a face-to-face meeting during President Trump's upcoming visit to Japan [5][6].