Japan Adds Stimulus Amid Threat of Bond-Sale Disruption

From bloomberg.com

Japan announced 750 billion yen ($9.4 billion) of stimulus to shore up growth as consumer prices slide and gridlock in the legislature threatens to disrupt sales of government debt. With lawmakers blocking financing legislation, some of the extra money will come from tapping discretionary budget funds, the government said in Tokyo today. The Ministry of Finance will meet this afternoon with so-called primary dealers amid doubt over scheduled bond sales. The yen touched a four-month low as a report showed consumer prices slid for a fifth month in September and as a Bloomberg News survey indicated the Bank of Japan ... (full story)