Japan to issue construction bonds for first time in 4 years: Nikkei

Japan's PM and leader of the ruling Liberal Democratic Party Shinzo Abe attends a news conference following a victory in the upper house elections by his ruling coalition, at the LDP headquarters in Tokyo, Japan, July 11.
Japan's PM and leader of the ruling Liberal Democratic Party Shinzo Abe attends a news conference following a victory in the upper house elections by his ruling coalition, at the LDP headquarters in Tokyo, Japan, July 11.PHOTO: REUTERS

TOKYO (REUTERS) - Japan's government will issue construction bonds for the first time in four years to fund stimulus spending after Prime Minister Shinzo Abe's coalition cruised to a comfortable election victory, the Nikkei newspaper said without citing sources.

Construction bonds are debt whose proceeds are set aside specifically for public works spending.