GIC’s Teo Says Rising Rates Might Become Problem for Japan

Growing interest burden on Japan’s government in case of rising interest rates is “one of the contradictions or unanswered questions of Abenomics,” GIC chief economist Leslie Teo says at conference in Singapore. *“How would the Japanese government pay, given the amount of debt they have?”: Teo NOTE: Leslie Teo is chief economist and director economics and investment strategy at Singapore’s state fund, Government of Singapore Investment Corp. NOTE: GIC is world’s eight-biggest sovereign wealth fund and manages about $248 billion, according to Sovereign Wealth Fund Institute

Link to GIC website on Teo: http://www.gic.com.sg/about/senior- management Link to Sovereign Wealth Fund Institute Ranking: http://www.swfinstitute.org/fund-rankings/

To contact the reporter on this story: Klaus Wille in Singapore at kwille@bloomberg.net

To contact the editor responsible for this story: Jim McDonald at jmcdonald8@bloomberg.net

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