Japan Fujii: less worried about JGBs as prices rising
Finance Minister Hirohisa Fujii said on Friday he has become less worried about Japanese government bonds and budget requests for next fiscal year as bond prices are rising.
At first, I was worried because bond prices were falling, Fujii said during a TV programme recording.
But now we can see bond prices are bouncing back.
Fujii also said the government can definitely cut a few trillion yen from a record 95 trillion yen ($1,054 billion) in budget requests for the fiscal year starting in April 2010. ($1=90.12 Yen)
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