Japan to Issue Bonds for Financial Aid to Ukraine

The Diet Building in Chiyoda Ward, Tokyo, Japan.
13:27 JST, January 21, 2023
TOKYO — The Japanese government is preparing to issue special bonds to a World Bank Group fund to help strengthen international financial aid to Ukraine, which is under Russia’s aggression, informed sources said Friday.
The so-called contribution bonds will give Japan’s guarantee for part of World Bank loans to Ukraine. The Japanese government will pay cash for the bonds when requested.
The government plans to submit a related bill to this year’s ordinary session of the Diet, Japan’s parliament, to be convened on Monday.
The bill will set an upper limit on the amount of such bonds to be issued, and the government will coordinate with the World Bank to decide a specific amount to be issued.
The bonds are planned to be issued to a fund related to loans for Ukraine that will be established by the International Bank for Reconstruction and Development, a World Bank Group lender.
"Politics" POPULAR ARTICLE
-
U.S. Talks About Car, Rice Exports During Meetings with Akazawa; Trump Mentions Japan’s Defense Burden, Ministers Don’t
-
With No Powerful Negotiator, Japan Fails in Bid to Win Exclusion from U.S. Tariffs; Japan Assesses Post-‘Liberation Day’ Position
-
Ishiba Hopes to End Brazil’s Dependence on China, Strengthen Relations with Leader of Emerging Nations
-
Nakatani, Hegseth Agree to Strengthen Deterrence, Response; Confirm U.S. Forces Japan Starting Transition to Joint HQ
-
Ishiba to Name Panel on Japan’s Plunge into World War II; PM to Skip Statement on Anniversary of War’s End
JN ACCESS RANKING