Regarding the financial resources for the increase in defense spending, there is an opinion within the Liberal Democratic Party that it should be reviewed, such as extending the redemption period of national bonds, and considering allocating part of the budget for redemption, Chief Cabinet Secretary Matsuno said. He pointed out that there is a point of contention that the market's confidence in fiscal policy could be damaged.
Regarding the financial resources for the increase in defense spending, the Liberal Democratic Party's political affairs research chairman Hagiuda and Seko, secretary-general of the House of Councillors, revised the redemption period of deficit-covering government bonds, etc., which had been set at 60 years, and protected part of the budget for redemption. It shows the idea that we should also consider allocating it to expenses.
Regarding this, Chief Cabinet Secretary Matsuno said at a press conference in the morning, "I will refrain from commenting as a government, but if the redemption period is extended, the amount of deficit-covering bonds in the general account will decrease each fiscal year, but that amount will be issued in the special account. Since the number of refunding bonds will increase, the total amount of government bonds issued will not change."
In addition, he pointed out, "Given the fact that the 60-year redemption rule is firmly established as the basis of market confidence, there is a point of contention that the market's confidence in public finance may be damaged."