Japan budget impasse risks impact on bond sales, ministry says
World BusinessOct 27, 2012
A failure of Japan's parliament to approve budget legislation by the end of November risks an impact on bond sales, a Ministry of Finance official said.Opposition lawmakers are blocking authorization for 38.3 trillion yen ($478 billion) in government borrowing to cover this year's deficit as they press Prime Minister Yoshihiko Noda to call elections. The legislation needs to be approved by November for the finance ministry to hold debt auctions as planned, the official told reporters in Tokyo ye