bTOKYO : Japan's Ministry of Finance (MOF) has raised its assumed interest rate used to calculate debt servicing costs in its budget request for the next fiscal year, a senior ministry official said on Tuesday.The ministry has set the assumed interest rate at 1.3 per cent, up from 1.2 per cent the previou
bTOKYO : Japan's Ministry of Finance has raised its assumed interest rate used to calculate debt servicing costs in its budget request for the next fiscal year, a senior ministry official said on Tuesday.
It marks the first increase in assumed interest rates since fiscal 2007/08 when the assumed rates increased to 2.9 per cent from 2.7 per cent, the official said.
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