Japan funds $19B energy subsidies with deficit bonds, pledges no net bond issuance rise

Japan unveiled a 3 trillion yen ($19B) supplementary budget to subsidize energy costs and ease living expenses, financed by deficit-financing bonds while insisting overall bond issuance will not rise thanks to stronger tax revenues and underspending; the plan comes amid concerns about rising JGB yields and the potential rise in debt-servicing costs, and a possible consumption-tax cut on food could cut tax revenue by up to 5 trillion yen.