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Japan debt-servicing cost to rise 17% to record in next fiscal year, Kyodo reports

Japan's finance ministry is expecting its debt-servicing cost to rise 17.1 per cent to a record 36.6386 trillion yen ($229.94 billion) in the next fiscal year starting from April because of rising interest rates, Kyodo News reported on Tuesday. ($1 = 159.3400 yen)