Interest Rate Hike Increases Japan's Debt Costs
Japan raises interest rate to 2%, boosting debt-servicing costs to 28.2 trillion yen. Discover the impact on fiscal policy and future economic outlook.
The assumed interest rate is set to increase to 2% from 1.9%, raising debt-servicing costs for interest payments and debt redemption to 28.2 trillion yen from 27 trillion yen.