Analysis:BOJ's retreat from low rates heightens Japan's debt troubles

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Analysis:BOJ's retreat from low rates heightens Japan's debt troubles - Channel News Asia

Quick Summary:

TOKYO : The Bank of Japan's retreat from a decade-long radical stimulus is pressuring the government to rethink the way it funds its big spending packages with additional debt, a challenge made more daunting by political demands for permanent tax breaks.

While the 10-year bond yield is well below the 2.1 per cent the ministry used to craft this year's budget, the cost could balloon if bond yields spike.

Prime Minister Shigeru Ishiba's administration plans to spend 13.9 trillion yen ($92 billion) for a package of steps to cushion the blow from rising living costs, which will be funded by this year's supplementary budget to be finalised on Friday.