#bojraisesratesto31yearhigh Japan’s interest bill is projected to more than DOUBLE next year
.
From ¥8 Trillion this
year to
¥16T next
This on the back of the
BoJ raising base rates to their highest level in 31
years.
Japan spent decades issuing debt at near-zero
rates
.
As that debt matures, it is increasingly being refinanced at higher yields.
And the further Japan moves away from ultra-low rates, the more expensive that refinancing becomes.$KAT $CVC $TRB
.
From ¥8 Trillion this
year to
¥16T next
This on the back of the
BoJ raising base rates to their highest level in 31
years.
Japan spent decades issuing debt at near-zero
rates
.
As that debt matures, it is increasingly being refinanced at higher yields.
And the further Japan moves away from ultra-low rates, the more expensive that refinancing becomes.$KAT $CVC $TRB
