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