Business Daily - Follow the money: The end of cheap money in Japan - BBC Sounds

World Service , · 27 Oct 2026 , · 17 mins

After decades in which borrowing has been virtually free, Japan is raising interest rates, affecting savers and borrowers alike. We talk to a former rate-setter at the Bank of Japan, to a homeowner who is braced for the cost of her mortgage to rise, and to a saver who ponders whether now is the time to finally bring her investments back to Japan. And we explore who's making money from the rising cost of borrowing. (Photo: A Japanese man cycles pass by a stock market indicator board in Tokyo, Japan, 15 October 2026. He has short black hair, going grey at the sides and wears black trousers and a black T-shirt. Credit: EPA) You can email the team: businessdaily@bbc.co.uk Presenter: Sam Fenwick Producer: Gideon Long