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Japan's Finance Minister Katayama states that, thus far, there is no need to implement measures that exceed the reserves in the current budget following the earthquake in Kumamoto
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Minister Katayama maintains that current reserves suffice for Kumamoto earthquake recovery, while proposing to remove budget caps, aiming to balance disaster response with fiscal market transparency.
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Says: Proposal for not placing a ceiling for next year's budget request came from a Ministry of Finance official. Important to explain our fiscal policy fully to the markets.
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