Gov't panel endorses draft of FY 2007 budget policy

TOKYO, Japan - Prime Minister Shinzo Abe (L) addresses a meeting of his key economic policy panel, the Council on Economic and Fiscal Policy, flanked by economic and fiscal policy minister Hiroko Ota at the prime minister's official residence on Nov. 24. The panel approved a draft of the budget policy for fiscal 2007 aimed at trimming the new issuance of government bonds from 29.97 trillion yen in the initial budget for fiscal 2006.

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