Japan’s Suzuki: Rises in bond yields could push up costs of interest payment

Dhwani Mehta FXStreet

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.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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