Advertisements

Japan’s Finance Minister Stresses Market-Driven Approach Amid Rising Bond Yields

by Elena

Japan’s Finance Minister Katsunobu Kato reaffirmed the government’s commitment to a market-driven approach in determining financial movements during a news briefing on Tuesday.

“We will respond appropriately, bearing in mind that the market should be allowed to decide market moves,” Kato stated, signaling a hands-off stance regarding currency fluctuations and bond yields.

Advertisements

His remarks came after the yield on Japan’s 40-year government bond briefly surged to a record high. Kato refrained from commenting on the reasons behind the rising yields, emphasizing that doing so could influence market dynamics.

Advertisements

Market Reaction

Following Kato’s comments, the USD/JPY pair remained near two-week highs, trading around 149.50, up 0.17% on the day. Traders continue to monitor developments in Japan’s bond market and broader economic policies for potential implications on the yen’s movement.

Advertisements

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