Japan’s Suzuki: Rises in bond yields could push up costs of interest payment
|Japanese Finance Minister Shunichi Suzuki said in a statement on Tuesday, “rises in bond yields could push up costs of interest payment.”
Additional comments
“Bond yields are set by various factors.”
“Will strive to conduct debt management so as not to lose market confidence.”
“Will nominate "most appropriate" person as new Bank of Japan (BoJ) governor.”
“Not aware of plan to nominate new BoJ governor candidate on Feb 10.”
“Expect BoJ to decide what to do as independent institute,” when asked about any need for BoJ to take additional steps to respond to rising bond yields.
“Won't make any prediction on future course of monetry policy.”
Market reaction
USD/JPY is attempting another run to recapture the 129.00 level, now trading at 128.90, up 0.30% so far.
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