TOKYO -- The Japanese government will propose spending 32.38 trillion yen ($220 billion) on debt payments next fiscal year, an all-time high driven by rising interest rates.
Politics
Japan's debt servicing costs to surge to record $220bn
Total budget request on track for all-time high as interest rates, social spending rise
Costs to cover interest payments are set to shoot up by 24% in Japan's next budget. (Photo by Akira Kodaka)
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