Japan will likely see annual bond issuance surge 28 per cent three years from now on rising debt-financing costs, a finance ministry estimate reviewed by Reuters showed on Tuesday, casting doubt on premier Sanae Takaichi's argument the country can deliver tax cuts without boosting debt. Under the estimate, Japan would need to issue up to 38 trillion yen ($248.32 billion) worth of bonds in the fiscal year starting April 2029 to fill a hole from expenditure surpassing tax revenues, up from 29.6 trillion yen in fiscal 2026. [...]