Japan PM negative about gov't bonds to finance defense spending hike

Japanese Prime Minister Fumio Kishida on Saturday dismissed the idea of issuing government bonds to realize a substantial increase in defense spending in the coming years, adding he will seek public support for his plan to rely instead on tax increases.The tax hike plan has already met opposition even from Kishida's party lawmakers, although he wants the ruling coalition to work out its details before the end of the year, which coincides with a review of key security and defense documents.Kishida has set a target of 43 trillion yen ($315 billion) in defense spending over the next five years…READ FULL ARTICLE