Japan to mull tapping FX account to foot defense spending: Kyodo

TOKYO: Japan’s government is considering tapping funds under a special account set aside for foreign exchange intervention to pay for an expected increase in defense spending, Kyodo news agency reported on Tuesday.

The government could also issue additional bonds, until a decision is made on whether to increase taxes as a long-term source of funding for the scheduled increase in defense spending, Kyodo said without citing sources.