TOKYO -- Japan is poised to increase its estimate of long-term interest rates to 1.9% from 1.1% for calculating interest payments on government bonds in the fiscal 2024 budget proposal, Nikkei has learned.
The estimated interest rate was last raised 17 years earlier. The revision reflects the recent upswing in long-term rates stemming from expectations that the Bank of Japan will exit its ultraloose monetary policy.
