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.
FILE PHOTO: The Japanese national flag waves at the Bank of Japan building in Tokyo, Japan March 18, 2024. REUTERS/Kim Kyung-Hoon/File PhotoTOKYO : 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 yen for the year starting in April next year, up sharply from 27 trillion yen for the current year, according to the Nikkei.
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