Japan's Finance Minister Katayama says interest rates move determined by various factors on markets, adds will control FY bond issuance properly and FY27 budget requests total about JPY 143tln and don't represent a large increase

Says: Closely watching bond markets with a high sense of urgency. Declines to comment on specific levels. Aiming for gradual and steady reduction in debt to GDP ratio. Taking note of PM Takaichi’s remarks when questioned about a potential JPY 40tln cap on new bond issuance. There were no specific requests from Bessent. Bessent assessed Takaichi's economic policies very highly. Bessent has long held its view that Yen has been undervalued, due largely to interest rate differentials.