Japan eyes record debt servicing costs for FY2016


TOKYO: Japan's finance ministry will seek a record 26.05 trillion yen ($213.5 billion) for interest payment and debt servicing of Japanese government bonds, in budgetary appropriations for the next fiscal year from April 2016, government sources said.

The increase of 11.1 percent from the current fiscal year's budget reflects ballooning national debt.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Shedding light on power sector prospects
Building a firm facade
Singapore playing roulette with casino licensing
RHB, CGC in LCTF portfolio guarantee deal
Market struggles to find direction
Bidding big on Malaysian art
Inflation rises slightly in October
EQ expands to Thailand
Capitalising on future trade tariffs
The ringgit recovery

Others Also Read