Japan's Abe: to use extra tax revenue, not new debt, for stimulus spending

Reuters

TOKYO, Oct 24 (Reuters) - Japanese Prime Minister Shinzo Abesaid on Thursday he plans to use higher-than-expected taxrevenue to fund economic stimulus spending rather than relyingon issuing new debt.

Abe was speaking in the upper house budget committee.

The government will announce in early December details of a5 trillion yen ($51 billion) economic stimulus package meant tooffset the drag from an increase in the sales tax next April.

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