Japan must avoid issuing debt to fund fresh spending, IMF says
TOKYO - Japan must fund any additional spending plans within its budget rather than issuing more debt, the International Monetary Fund said on Friday, urging the government to get its fiscal house in order as the central bank starts to raise interest rates.
Japanese Prime Minister Shigeru Ishiba has pledged to compile another large-scale spending package to cushion the blow to households from rising cost of living. He has not commented yet on how the spending will be funded.
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