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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 economylong-term ratesBank of Japanfiscal policy

TToyo Keizai★★★☆☆2026-08-04 22:00Original

Japan’s Long-Term Rate Rise Was Not Mainly Due to BOJ Delay or Fiscal Fears; ‘Kotsubato Shock’ Exaggerated
Japan’s Long-Term Rate Rise Was Not Mainly Due to BOJ Delay or Fiscal Fears; ‘Kotsubato Shock’ ExaggeratedEconomy