Japan's Interest Payments to Double by 2029 Amid BOJ Rate Hike Signals

Japan's interest payments are projected to reach ¥21.6 trillion by 2029, nearly doubling current figures. This surge is linked to the Bank of Japan's (BOJ) plans to hike interest rates, with Governor Kuroda hinting at increases in 2026 and 2027. The potential rise to 1.5-1.75% could significantly impact government debt servicing costs and economic stability, making future rate decisions crucial to watch.