Japan finance minister Kato:
- interest rates reflect various factors, but market sees rising rates as reflecting concerns about state finances
- Will closely monitor bond market situation including super long sector
- Will continue close dialogue with bond investors, market participants
- Not aware of any details about Softbank CEO’s idea of creating joint Japan-US sovereign wealth fund
Kato said that the government will closely
monitor the bond market situation amid rising super-long bond
yields. This is a concern as higher interest rates could pressure state finances.
-
“Rising interest rates could increase interest payments and
pressure state finances,”
Meanwhile, the yen is holding its earlier gains:
This article was written by Eamonn Sheridan at www.forexlive.com.
