TOKYO -- After years of heavy government spending fueled by easy money, the Bank of Japan's surprise policy shift is threatening to raise borrowing costs, forcing Japan to finally face its tattered fiscal health.
Rising rates to force government to face its towering debt
Japan has been able to spend freely under the Bank of Japan's ultraloose monetary policy. © Reuters
TOKYO -- After years of heavy government spending fueled by easy money, the Bank of Japan's surprise policy shift is threatening to raise borrowing costs, forcing Japan to finally face its tattered fiscal health.