Advertisements

Japan’s Kato: Higher long-term rates could have broad impact on the economy

by Elena

Japan’s Finance Minister Shunichi Kato cautioned on Tuesday that higher long-term interest rates could have far-reaching effects on the economy, stressing the need for careful monitoring of financial conditions.

Kato reaffirmed the government’s commitment to stable government bond issuance, highlighting efforts to maintain market stability amid shifting economic and monetary conditions.

Advertisements

Key Remarks:

Advertisements

Forex fluctuations could impact the Japanese economy and affect households through import costs.

Advertisements

The government will respond appropriately while monitoring foreign exchange developments.

Market Reaction

As of press time, the USD/JPY pair is down 0.41% on the day, trading at 146.65.

Related Topics:

Advertisements

You may also like

blank

MydayFinance (www.mydayfinance.com) is a comprehensive foreign exchange industry website, providing global users with 24-hour comprehensive and timely foreign exchange market information, foreign exchange rate real-time query, foreign exchange rate conversion and other content.【Contact us: [email protected]

© 2024 Copyright  mydayfinance.com