Tanigaki says fiscal reforms must speed up

Japan cannot be slow in implementing fiscal reforms given its ageing population and rising global interest rates, Finance Minister Sadakazu Tanigaki said on Tuesday 5 September.

"Our outstanding public debt stands at around 150 percent of gross domestic product and we have noted the need to prevent it from snowballing," Tanigaki told a news conference.

"We have no time to spare when it comes to fiscal reforms," he added.

"Global interest rates are on a gradual rise as a trend and in that environ