25 June 2001, 09:24  Takenaka: Govt to compile extra budget if economy faces crisis

TOKYO (AFX-ASIA) - State Minister for Economic and Fiscal Policy Heizo Takenaka said the government will compile a supplementary budget for the year to March 2002 if the country ends up in an economic crisis. "As long as the economy worsens at a moderate rate, we should not issue new debt-covering government bonds immediately," Takenaka told a domestic television programme Sunday. "However, Prime Minister Junichiro Koizumi would compile a supplementary budget if the economy plunges into a crisis," he said, asked whether the government should follow the suggestion of Nomura Research and spend an extra 5-10 trln yen.

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