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Japan's government spokesperson warned that higher bond interest payments could squeeze public policy spending, making it harder to balance the national budget. The caution highlights concerns over Japan's rising public debt and the challenge of funding social security amid an aging population.
Japan's 10-year government bond yield reached 3.000% on Tuesday, the highest since October 1996, driven by investor concerns over the nation's worsening fiscal situation. The move could raise government borrowing costs and add pressure on the Bank of Japan as it tightens monetary policy.
The U.S. national debt has surpassed $40 trillion for the first time, doubling since 2017. Analysts warn that heavy borrowing, rising spending, and tax cuts could lead to a fiscal crisis with global repercussions.
The U.S. national debt has surpassed $40 trillion for the first time, doubling since 2017 and raising alarms about fiscal sustainability. The surge, driven by pandemic spending and ongoing deficits, now amounts to about $117,000 per American. Interest costs have overtaken Medicare as a major budget burden.
Japanese Prime Minister Sanae Takaichi has pledged to restore the consumption tax on food to 8% after a two-year reduction ends. The decision aims to address persistent inflation and growing fiscal concerns, as Japan faces the world's highest public debt-to-GDP ratio.
Honda posted a net loss of 423.94 billion yen ($2.8 billion) for fiscal 2025, its worst in years, due to high costs, supply chain issues, and falling demand. The automaker plans a broad restructuring including cost cuts and strategic focus.
