Japan's government will raise its long-term interest rate estimate, used to compile the state budget, to 1.9% for the next fiscal year from the current year's 1.1%
- the higher estimate reflects rising Japanese government bond yields on expectations of a near-term exit from ultra-loose monetary policy
- pushes up the government's debt-financing cost
The Nikkei carries the report, not citing sources. Headlines via Reuters
![Bank of Japan Governor Ueda 19 December 2023](https://images.forexlive.com/images/Bank%20of%20Japan%20Governor%20Ueda%2019%20December%202023_id_be28fc88-b289-4666-8f3d-39d08229234a_original.jpg)
Don't blame Bank of Japan Governor Ueda, he hasn't done anything yet.