Prime Minister Sanae Takaichi faces a crucial markets test in the final run-up to a snap election this weekend where she is hoping a decisive victory will give her a mandate for expansionary fiscal policy.
The Finance Ministry will auction some ?700 billion ($4.5 billion) of 30-year government bonds on Thursday, three days before polls open.
It’s a tenor that has been hypersensitive ?to worries about a loosening of fiscal restraint, suffering a rout last month as investors balked at Takaichi’s pledge to ?suspend ?the consumption tax on food.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.