TOKYO (Reuters) – Japan’s finance ministry estimates the nation’s debt servicing costs will increase by 4.5 trillion yen to 29.8 trillion yen in fiscal 2026 compared with next fiscal year starting in April, the Nikkei business daily’s website reported on Tuesday.
The ministry also raised its assumed long-term interest rate to 1.6% in fiscal 2026 from 1.1% for next fiscal year, the Nikkei said.
The ministry makes those estimates as sources of discussion for its annual budget for the next fiscal year.
(Reporting by Kaori Kaneko and Tetsushi Kajimoto; Editing by Andrew Heavens)
