‘Unhealthy’ Japan Debt Picture May Boost Rates, Yosano Says

Japanese borrowing costs may rise if the country’s fiscal condition remains “unhealthy,” with bond sales exceeding tax revenue, the country’s new economy and fiscal policy minister said.

“If the unhealthy situation continues for a long time, long-term interest rates will inevitably rise and hurt Japan’s global credibility,” said Kaoru Yosano at a news conference late yesterday in Tokyo after being appointed to the post.