Japan's Suzuki: Will strive to stably issue JGB through close dialogue with markets
|Japan's Finance Minister Shunichi Suzuki told parliament on Monday that they will strive to stably issue Japanese government bonds worth 215 trillion yen, $1.89 trillion, in the next fiscal year through close dialogue with markets, per Reuters.
"We will proceed with reform on both revenue and spending sides so as to achieve the fiscal 2025 primary surplus target without abandoning fiscal reform," Suzuki added. "We must first overcome the current crisis, restore the economy and tackle fiscal reform so that we can hand the future to the next generation."
Market reaction
These comments don't seem to be having a noticeable impact on the USD/JPY pair, which was last seen posting modest daily gains around 114.50.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.