Japan’s new debt management panel to meet on Monday By Reuters

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TOKYO (Reuters) – Japan’s finance ministry will kick off on Monday the first meeting of a newly-established panel of experts to discuss national debt management, it said.

The five-member study group, as it is called, consists of outside experts, including the head of fixed income group at Mitsubishi UFJ (NYSE:) Morgan Stanley (NYSE:) Securities and professors at prominent universities.

“While receiving opinions and advice from highly knowledgeable persons, we will begin discussions including technical aspects,” the ministry said in a statement on Wednesday, without elaborating.

Japan’s public debt is twice the size of its economy after years of fiscal stimulus, including recent efforts to battle the COVID-19 pandemic, have strained public finances, making fiscal reform an urgent task.

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