Japan has hit a “critical point” where it risks losing investor confidence if politicians fail to reach agreement on how to rein in the ballooning national debt, a cabinet minister has warned.
“We face a dreadful dream that one day the long-term interest rate might rise,” Kaoru Yosano, the new minister for economic and fiscal policy, told the Financial Times.
“So we have to be very careful [to] ensure the credibility of our economy and the credibility of our government.”
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