Japan debt interest payments forecast to triple by fiscal 2035 on rate rise

Higher borrowing costs to add to burden over time, Finance Ministry warns

The Finance Ministry warned that losing market confidence could also undermine trust in the yen. (Photo by Akira Kodaka)

TOKYO -- Annual interest payments on Japanese government bonds could more than triple by fiscal 2035 to 45.2 trillion yen ($286 billion), according to estimates released Friday that assume a sharp jump in long-term borrowing costs.