Japan expects an increase in debt-service costs by 25% by 2028.
Japan expects its annual debt-servicing costs to rise to almost $230 billion over the next four yearsThis, of course, is due to the Bank of Japan raising rates.
This news was around a week ago but its catching some headlines today.
Its obvious stuff. If you've ever had a mortgage, for example, at a time of rising rates you'll know how the sums work re higher interest costs.
Bank of Japan Governor Ueda
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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