Business
Japan government to raise long-term rate estimate to 1.9% in next year’s budget: Nikkei
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TOKYO: Japan’s government will raise its long-term interest rate estimate, used to compile the state budget, to 1.9 per cent for the next fiscal year from the current year’s 1.1 per cent, the Nikkei newspaper reported on Wednesday (Dec 20).
The higher estimate reflects rising Japanese government bond yields on expectations of a near-term exit from ultra-loose monetary policy, and pushes up the government’s debt-financing cost, the paper said, without citing sources.
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