Japan maintains estimate for long-term budget surplus in fiscal projections

Japan maintains estimate for long-term budget surplus in fiscal projections

Japan maintains estimate for long-term budget surplus in fiscal projections Impact of the coronavirus pandemic on the economy and the country's debt burden remains uncertain    TOKYO - Japan kept its forecasts unchanged on Thursday for a return to a budget surplus over the long-term, even though the impact of the coronavirus pandemic on its economy and debt pile remains uncertain.In its twice-yearly fiscal and economic projections, the government forecast that the primary budget, excluding new bond sales and debt servicing, would achieve a surplus of 300 billion yen ($2.9 billion) in the fiscal year starting April 2029.That was unchanged from its previous forecast released last July, when it pushed back the projection for achieving the surplus by two years.In its twice-yearly fiscal and economic projections, the government forecast that the primary budget, excluding new bond sales and debt servicing, would achieve a surplus of 300 billion yen ($2.9 billion) in the fiscal year starting April 2029.TOKYO - Japan kept its forecasts unchanged on Thursday for a return to a budget surplus over the long-term, even though the impact of the coronavirus pandemic on its economy and debt pile remains uncertain.That was unchanged from its previous forecast released last July, when it