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  • 标题:Alteration of the JGB Issuance Plan for FY2009
  • 期刊名称:Debt Management Report
  • 出版年度:2009
  • 卷号:1
  • 出版社:Financial Bureau, Ministry of Finance Japan
  • 摘要:Amid the worsening economic and financial situations that began in the summer of 2008, the government placed the top priority on economic recovery and drew up a series of stimulus measures in the total amount of 75 trillion yen, including fiscal measures of 12 trillion yen, by the end of 2008. Even after the end of 2008 when the budget for FY2009 was finalized, exports and production greatly decreased on the back of worldwide economic recession, and employment situation continued to worsen. Thus, the Japanese economy continued to deteriorate further, and the financial situation grew even more serious, making it difficult for enterprises to procure funds. Japan is placed in an “economic crisis”, and in consideration of worsening economic and financial circumstances, the government finalized the“ Policy Package to Address Economic Crisis” in the total amount of 15.4 trillion yen (project expense: 56.8 trillion yen) on April 10, 2009. While these measures are implemented, fiscal responsibility must be fulfilled in the medium term. Therefore, we will steadily promote efforts to maintain fiscal discipline, create a sustainable social insurance system and procure stable financial resources needed for creating the system, while responding to rapid changes in economic situation and implementing economic measures.
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