일본의 국채발행과 국채관리정책에 대한 고찰

Abstract

Japan is expected to issue immense government bond, because it has been facing the budget deficit, which has never been shown. They should confirm stable absorption of government bond and remain the liquidity in circulation market. For the purpose of study on issuing and Administration Policy of government bond in Japan, I analyze them on the basic of political and circulation market aspect. Issuing immense government bond was supposed to overcome the economic slump, but it tumbled down the way of politician's fame or that of his maintenance. Therefore, a lot of bond remainder was accumulated by issuing converted and government bond for a new financial resources. When it comes to government bond, the traditional efficiently control is transfer to circulation market. But we get a new turning point for the comprehensive management of government bond by the release of government in 2003. According to this release, there is a study of stable absorption of government bond, I consider, I need to study on the function of a sinking fund and the aspect of finance.