Reported 1 day ago
Japan's Finance Ministry is set to establish the debt servicing rate for FY25 at 2%, reflecting a rise from the current rate and indicative of increasing government debt yields as the Bank of Japan normalizes its monetary policy. This adjustment, aimed at addressing the nation's financial strain, is anticipated to be ratified by the cabinet soon. Japan's national debt is projected to exceed 250% of its GDP in 2024.
Source: YAHOO