Bonds News

Japan PM: Finmin JGB comment not official govt line

TOKYO, May 11 (Reuters) - Japanese Prime Minister Yukio Hatoyama said on Tuesday that comments from the country’s finance minister that new government bond issuance next financial year should not top this year’s record levels were not based on an official government decision.

“This has not been decided by the government, and I think that the finance minister was expressing his own view. This idea is not mine,” Hatoyama told reporters.

Finance Minister Naoto Kan earlier on Tuesday said that Japan will try to ensure that new bond issuance in the 2011/12 financial year does not exceed this year’s 44.3 trillion yen ($475 billion).

The Greek debt crisis has added to the pressure on Tokyo to rein in its huge public debt. [ID:nTOE64A01R] (Reporting by Chisa Fujioka)