[lbo-talk] Japan debt service costs seen at record Y22.4 trln

[uvj at vsnl.com]

Japan debt service costs seen at record Y22.4 trln
http://www.reuters.com/article/marketsNews/idUST2659720080828?sp=true

Thu Aug 28, 2008

(For more stories on the Japanese economy click [ID:nECONJP])

TOKYO, Aug 28 (Reuters) - Japan's debt servicing costs are expected to hit a
record 22.4 trillion yen ($204.7 billion) in the fiscal year to March 2010
due to rising debt, the Ministry of Finance said on Thursday.

With Japan's debt reaching roughly 1-½ times GDP, the worst ratio in the
industrialised world, its debt servicing costs take up a quarter of the
government's annual spending.
http://www.reuters.com/article/marketsNews/idUST2659720080828?sp=true