Analysis:Japan has few answers as bond rout puts fiscal plans at risk

TOKYO, Aug 19 : Japan is running low on options to fight a bond rout that could push debt financing costs above government estimates, leaving Prime Minister Sanae Takaichi's ambitious spending agenda hostage to forces she can't control.Analysts say the tools available to calm markets - sporadic cuts to bond issuance or emergency central bank buying - amount to little more than temporary patches for a bond market being squeezed by stubborn inflation and an increasingly loose fiscal stance. "Japan hasn't experienced such sticky price pressures since the previous oil shock," said Mari Iwashita, executive rates strategist at Nomura Securities. "The challenge of anchoring inflation at the BOJ's 2 per cent target is becoming bigger."The global bond selloff has found its epicentre in Japan with t