World News

Japan to consider deficit-covering bonds to fund coronavirus stimulus: Finance Minister

TOKYO (Reuters) – Japan’s government will consider issuing deficit-covering bonds to fund a massive stimulus package, to be decided next week, to respond to the economic fallout from the coronavirus pandemic, Finance Minister Taro Aso said on Friday.

Aso also told reporters after a cabinet meeting that the government would make use of crisis credit lines to support airlines hit hard by the pandemic.

(Reporting by Tetsushi Kajimoto; Editing by Chris Gallagher)