TOKYO: Japan's government plans to raise its long-term interest rate estimate used to compile the state budget to 2.1 per cent for the next fiscal year from the current year's 1.9 per cent, the Nikkei business daily reported late on Monday (Aug 19).
Japanese national flag waves at the Bank of Japan building in Tokyo, Japan, on Mar 18, 2024. TOKYO: Japan's government plans to raise its long-term interest rate estimate used to compile the state budget to 2.1 per cent for the next fiscal year from the current year's 1.9 per cent, the Nikkei business daily reported late on Monday .
As a result, debt-servicing costs are estimated to increase to ¥28.9 trillion for the year starting in April next year, up sharply from ¥27 trillion for the current year, according to the Nikkei.
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