Public bonds - koukyousai

Japanese: 公共債 - こうきょうさい
Public bonds - koukyousai
National and local government bonds are collectively called public bonds, but public corporations, public agencies, and public treasury bonds (see the section on public and corporate bonds) are also included in the term public bonds. Since the national government, local governments, and government-related institutions form the public sector, public bonds are public sector debt. [Udagawa Akihito]

Source: Heibonsha World Encyclopedia, 2nd Edition Information

Japanese:
国債と地方債を総称して公債と呼ぶが,これにさらに公社・公団・公庫債(〈公社債〉の項参照)等を含めて公共債と呼ぶ。国と地方公共団体と政府関係機関等が公共部門を形成しているので,公共債は公共部門の債務ということになる。【宇田川 璋仁】

出典 株式会社平凡社世界大百科事典 第2版について 情報

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