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
Don't blame Bank of Japan Governor Ueda, he hasn't done anything yet.
