Japan’s government to issue additional new bonds worth 22.1 trillion yen for this fiscal year to fund the economic stimulus, the Nikkei Asian Review reports, citing a draft of the stimulus document.

This comes after Prime Minister said last Friday that his government will employ various means to fund stimulus including issuing new debt.

Market reaction

USD/JPY is testing daily lows near 114.85, down 0.23% on the day, as of writing. The yen could be recovering some ground on the above headlines, after it slipped to four-year lows against the greenback at 115.24.

This article was originally published by Fxstreet.com.Read the original article here.

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