Japan finance minister Kato:
Japan not facing problem procuring funds from market via debt issuanceIf Japan loses market trust in its finances, it may face rise in interest rates that could affect debt redemptionLosing market trust in Japan’s finances could trigger weak yen, excessive inflation that would have severe impact on economy
USD/JPY has not moved too much on these comments from Kato. At face value Kato’s assurances are fine. But, in answering such questions its indicative of concerns rising over Japan’s fiscal troubles.
PM Ishiba remarks also, a bit of a worry this!
Japan Prime Minister Ishiba: Japan financial situation worse than Greece
This article was written by Eamonn Sheridan at www.forexlive.com.