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Japan Maintains Estimate for LongTerm Budget Surplus in Fiscal Projections

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Japan on Thursday kept its forecasts for an estimated return to a budget surplus in the longterm unchanged, even as the impact of the coronavirus pandemic on the economy and the countrys debt burden remains uncertain.

In its twiceyearly fiscal and economic projections, the government forecasted the primary budget, excluding new bond sales and debt servicing, to achieve a surplus of 300 billion yen 2.9 billion in the fiscal year starting April 2029.

That was unchanged from its previous forecast released last July, when it pushed back the projection for achieving the surplus by two years.

1 103.5000 yen

Reporting by Daniel Leussink; Editing by Edwina Gibbs

Source Reuters

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