Japanese bond dealers call crisis talks with the finmin to discuss the gridlock over passage of...

|By:, SA News Editor

Japanese bond dealers call crisis talks with the finmin to discuss the gridlock over passage of a bill that would enable the government to borrow Y38.3T ($479B) to finance this year’s deficit. The government has until the end of November before it runs out of money. Markets expect a resolution but are showing tension, with the spread between yields on 10- and 20-year bonds hitting 92 bps, the highest since 1999.