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Japanese Prime Minister Shinzo Abe: Higher Interest Rates Will Increase Debt Financing Costs, Impacting Government Spending Plans
1 week ago /
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Author：小编
Japanese Prime Minister Shinzo Abe addressed the Parliament on Monday, emphasizing the need for Japan to be cautious of rising interest rates, which could elevate the cost of government debt financing and subsequently affect spending plans. Abe highlighted the nation's high debt-to-GDP ratio, warning that increasing interest rates would further elevate financing costs, thereby placing additional pressure on government spending. He urged the government to uphold public and market confidence in its fiscal stance.
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