Japan finance minister Kato:
interest rates reflect various factors, but market sees rising rates as reflecting concerns about state financesWill closely monitor bond market situation including super long sectorWill continue close dialogue with bond investors, market participantsNot 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.