Reported 5 months ago
Bank of Japan Governor Kazuo Ueda indicated that he is not overly concerned about long-term bond yields reaching a 12-year high, stating that they should be market-driven. Ueda's remarks suggest that the current yield movements do not trigger the BOJ's intervention conditions, despite speculation of interest rate hikes. Japan's Finance Minister also highlighted the need to address the country's high debt ratio amid rising bond yields, emphasizing the importance of fiscal health. The discussions took place during a Group of Seven meeting where exchange rate volatility and currency interventions were also addressed.
Source: YAHOO