Japan budget requests likely to top 110 trillion yen as rates rise, Nikkei reports

Japanese ministries are expected to submit budget requests for the next fiscal year totaling over 110 trillion yen ($753 billion), with rising interest rates driving up debt servicing costs.

reuters.com

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8/21/2023

Japan to raise FY2024/25 assumed interest rate after BOJ policy tweak -Kyodo

Japan's Ministry of Finance plans to raise its assumed long-term interest rate to 1.5% for the fiscal year 2024/25, up from the current record-low of 1.1%, indicating a potential strain on the country's budget as it is set to exceed 114 trillion yen ($782.64 billion).