Japan eyes 20 pct cut in foreign aid to fund disaster relief-media

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TOKYO, April 7 (Reuters) - Japan, the world's No. 5 donor, is considering cutting foreign aid by 20 percent this fiscal year to help fund its extra budget for disaster relief after last month's massive quake and tsunami, media reported on Thursday.

The government is unlikely to issue new debt to fund the initial extra budget of more than $35 billion for disaster relief, domestic media reported this week, in a sign the authorities are wary of alarming bond investors by adding too much to Japan's already huge debt pile.

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