Japan Finance Minister warns of severe finances as BOJ struggles to contain yields

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By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s finances are becoming increasingly precarious, Finance Minister Shunichi Suzuki warned on Monday, just as markets test whether the central bank can keep interest rates ultra-low, allowing the government to service its debt. Japan’s public debt is more than double its annual economic output, by far the heaviest burden in the industrialised world. The government has been helped by near-zero bond yields, but bond investors have recently sought to break the Bank of Japan’s (BOJ) 0.5% cap on the 10-year bond yield, as inflation runs at 41-year highs, do…

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