Japan government to set assumed long-term rate for budget at record low - sources

TOKYO (Reuters) - Japan's government is finalising plans to set the assumed long-term interest rate for compiling next fiscal year's budget at 1.1%, government sources said.

That would be a record low level for the fourth straight year, a sign the Bank of Japan's ultra-loose monetary policy is helping keep the cost of financing the country's huge debt pile low.

(Reporting by Takaya Yamaguchi, writing by Leika Kihara)