Japan govt to sharply reduce new JGB issuance next fiscal year - Kyodo

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FILE PHOTO: A security guard walks past in front of the Bank of Japan headquarters in Tokyo, Japan January 23, 2019. REUTERS/Issei Kato
FILE PHOTO: A security guard walks past in front of the Bank of Japan headquarters in Tokyo, Japan January 23, 2019. REUTERS/Issei Kato

TOKYO (Reuters) - Japan's government will sharply reduce new debt issuance under next fiscal year's budget, Kyodo news agency reported on Thursday.

The government is likely to issue over 30 trillion yen ($263 billion) in new Japanese government bonds (JGB) under the budget for next fiscal year, much lower than the 43.6 trillion yen debt issuance for 2021, Kyodo reported without citing sources.

($1 = 114.1400 yen)

(Reporting by Leika Kihara, Editing by Timothy Heritage)

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