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Japan MOF reportedly raises assumed long-term interest rate to 1.6% in FY 2026/27
In Japanese circles, that's a stark contrast to the assumed interest rate of 1.1% set when the government compiled a draft state budget for the coming fiscal year. That's the same long-term rate used for the budgets in the last six years even if actual borrowing costs have fallen short of said figure. I mean, in the past, the coupon rate on 10-year JGBs were 0.20% before the latest change at the start of this year made it 0.50%.
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Posted: Jan 17 2023, 11:50
Author Name: forexlive
Views: 102176
