The interest receipts of Japan’s government have risen faster than its interest payments in recent years and we think that will continue even as the 10-year JGB yield has climbed to a 29-year high. In fact, we expect interest revenue to surpass interest payments over the next few years, though higher debt servicing costs will eventually gain the upper hand during the 2030s.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services