Currently, Japan's government has interest expense ot ~$70bn. On total debt is ~$8.7Tn, it implies a 0.8% interest rate. At 2%, it is ~$174bn. Tax receipts are ~$500bn. I dont think this math works very well? 👀
Japan’s 10-year government bond yield has closed at 2.02%, its highest level since 1998.
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Currently, Japan's government has interest expense ot ~$70bn. On total debt is ~$8.7Tn, it implies a 0.8% interest rate. At 2%, it is ~$174bn. Tax receipts are ~$500bn. I dont think this math works very well? 👀
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