Bank of Japan Governor Ueda says tariff negotiations means outlook remains uncertain

BoJ Governor Ueda:

• Many tariff negotiations include those between U.S.-Japan still ongoing, so the outlook remains uncertain
• Also it remains unclear how tariff policies would affect global, Japan economy
• Will carefully examine data
• Won’t comment on short-term developments of interest rates
• Will closely monitor bond market
• Swings in short-term, medium-term interest rates have bigger impacts on economic activities

The rapid rise in Japanese Government Bond yields is casuing much concern among Japanese Authorities. there are signs action will be taken to lower them:

• ICYMI Japan is to consider trimming super-long bond issuance – Reuters

This article was written by Eamonn Sheridan at www.forexlive.com.