东京，10月29日：一个重要政府小组的私营部门成员周四表示，日本可以动用其外汇特别账户中巨额盈余的更多资金来为支出提供资金，并认为日本已有足够的缓冲来抵御日元的剧烈波动。
TOKYO, Oct 29 : Japan can tap more of the huge surplus in its foreign exchange special account to fund spending, private-sector members of a key government panel said on Thursday, arguing it already has sufficient buffers to withstand sharp moves in the yen.
这一提议是在经济财政政策委员会的一次会议上提出的。目前，政策制定者正在讨论如何在不增加该国本已巨额债务的情况下，为减税和支出计划争取资金。
The proposal, made at a meeting of the Council on Economic and Fiscal Policy, comes as policymakers debate ways to secure funding for tax cuts and spending plans without adding to the country's already huge debt pile.
这些成员在一份提案中表示，日本应“准确评估并确保”非税收收入和国有基金中未使用的资金。该提案为政府起草从4月1日开始的下一个财政年度的预算奠定了基础。
Japan should "accurately assess and secure" non-tax revenues and money left unused from state funds, the members said in a proposal that lays the groundwork for the government's budget drafting for the next fiscal year starting on April 1.
提案称，尤其是日本外汇特别账户中的盈余，应“积极利用”作为支出的资金来源。
The surplus in Japan's foreign exchange special account, in particular, should be "actively used" as a source of funding for spending, the proposal said.
日本在一个用于进行货币干预的特别账户中持有约1.2万亿美元的外汇储备，其中包括美国国债。
Japan holds roughly $1.2 trillion in foreign reserves, which include US Treasuries, in a special account that is used to conduct currency intervention.
由于日元贬值推高了以日元计价的美国国债价值，加上外国资产的利息支付，该账户的盈余有所增加。
The surplus in the account has increased due to the yen's depreciation, which inflates the yen-denominated value of US Treasuries, and interest payments from the foreign assets.
财务省制定了应保留在账户中的盈余资金比例指导方针，以确保在需要进行干预以支撑日元兑其他货币时，有足够的外国资产可供出售。
The finance ministry sets guidelines on the ratio of surplus funds that should be retained in the account, to ensure it has enough foreign assets to sell when it needs to conduct interventions aimed at propping up the yen against other currencies.
这些成员表示：“假设汇率保持在当前水平附近，日本目前有足够的缓冲来应对汇率风险。”他们补充说，日本可以从特别账户中动用更多资金而不违反指导方针。
"Assuming currency rates remain around current levels, Japan has sufficient buffers against exchange-rate risks for the time being," the members said, adding that Japan can tap more money from the special account without breaching the guidelines.
日本在7月30日至8月26日期间花费了15万亿日元（950亿美元）进行干预以支撑日元，导致8月份其外汇储备出现有史以来最大降幅。
Japan spent 15 trillion yen ($95 billion) on interventions between July 30 and August 26 to prop up the yen, leading to the biggest-ever drop in its foreign reserves in August.
动用该账户的可能性引发关注，被视为资助首相高市早苗计划将食品消费税率降低两年的潜在手段，该举措预计每年成本约为5万亿日元。
The possibility of tapping the account has drawn attention as a potential means of funding Prime Minister Sanae Takaichi's planned two-year cut in the consumption tax rate for food items, which is estimated to cost roughly 5 trillion yen per year.
政府的大规模支出计划在7月引发债券收益率飙升，因市场担心债务发行增加将进一步恶化日本本已千疮百孔的财政状况。
The administration's big spending plans triggered a spike in bond yields in July by stoking fears of increased debt issuance that would worsen Japan's already tattered finances.
此后，高市强调政府推行“负责任”财政政策、遏制债务发行的决心，计划通过动用非税收入、审查现有补贴以及特别会计和国家基金的收益来实现这一目标。
Since then, Takaichi has stressed the administration's resolve to pursue "responsible" fiscal policy and curb debt issuance by tapping non-tax revenues and reviewing existing subsidies and proceeds from special accounts and state funds.
政府还承诺，将停止每年在年度预算之外另行编制补充预算、以资助大规模刺激方案的做法。
The administration has also vowed to discontinue the practice of compiling an extra budget each year, beyond the annual budget, to fund big stimulus packages.
但私营部门有识之士表示，当需要财政支出应对经济冲击时，日本不应排除编制补充预算的可能性，这显示上述承诺可能会被淡化。
But in a sign the pledge could be watered down, the private-sector panel members said Japan should not rule out compiling an extra budget when fiscal spending is needed to deal with economic shocks.