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Taro Aso, finance minister of Tokyo, said Thursday that Japan must keep its fiscal position in mind when preparing its economic stimulus plan to deal with the coronavirus pandemic, because large fiscal expenditures may lead to the issuance of deficit bonds.
Asked about media coverage of large fiscal spending, to be produced as early as next month, Aso told reporters after a cabinet meeting that the size of the stimulus package had not yet been decided.
Aso suggested that tax cuts might be included, but he rejected the idea of a business tax cut. He added that the Treasury did not consider paying individuals cash as part of the package, saying the measures had little impact on stimulating consumption.


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