REFILE-Japan MOF to seek record debt-servicing costs in FY2014/15 -document
TOKYO Aug 27 (Reuters) - Japan's Finance Ministry will request a record 25.3 trillion yen ($257 billion) in debt-servicing costs under its fiscal 2014/15 budget, up 13.7 percent from the amount set aside for this year, a document obtained by Reuters showed on Tuesday.
The decision, aimed at guarding against any future rise in long-term interest rates, underscores the increasing cost Japan must pay to finance its massive public debt.
The country's debt is double the size of its $5 trillion economy and is the biggest among major industrialised nations.
- Housing, jobs data weaken, but overall economic picture still upbeat
- Last-minute Obamacare exemption for those with canceled plans
- Target cyber breach hits 40 million payment cards at holiday peak |
- New York Mayor-elect's reputation for lateness parodied on Twitter
- U.S. diplomats, but not prosecutors, seek to quell India dispute |