EconomyJapan’s Long-Term Rate Rise Was Not Mainly Due to BOJ Delay or Fiscal Fears; ‘Kotsubato Shock’ Exaggerated
After Sanae Takaichi’s government unveiled a public-private investment plan totaling more than 370 trillion yen through fiscal 2040, Japan’s long-term rate rose from 2.67% on June 19 to 2.89% on July 9. The article argues that concerns over delayed BOJ action and fiscal deterioration were not major drivers of that increase.
Japan’s Long-Term Rate Rise Was Not Mainly Due to BOJ Delay or Fiscal Fears; ‘Kotsubato Shock’ Exaggerated
Economy