Japan weighs 3.8% assumed rate for next year's budget request, sources say

TOKYO, Aug 21 : Japan's finance ministry is considering setting the assumed interest rate for calculating debt servicing costs at a 29-year high of 3.8 per cent in its budget request for next fiscal year, two government sources said on Friday.This would mark an increase from 3.0 per cent in the fiscal 2026 budget, and

Requests for the next fiscal year are likely to exceed last year's record ¥122 trillion ($767 billion) as the government seeks to cut reliance on supplementary budgets.