Japan’s government is raising its assumptions for budget interest rates much higher

Japan’s government will raise its long-term interest rate estimate,
used to compile the state budget, to 1.9% for the next fiscal year from the current year’s 1.1%

• the higher estimate reflects rising Japanese government bond yields on expectations of a near-term exit from ultra-loose monetary policy
• pushes up the government’s debt-financing cost

The Nikkei carries the report, not citing sources. Headlines via Reuters

Don’t blame Bank of Japan Governor Ueda, he hasn’t done anything yet.

• ForexLive Asia-Pacific FX news wrap: BOJ policy left unchanged, JPY weakened
• ForexLive European FX news wrap: Yen extends post-BOJ fall, dollar lower alongside yields

This article was written by Eamonn Sheridan at www.forexlive.com. Source