Japanese Finance Minister Katayama does not comment on specific bond yield levels; specific monetary tools are up to the BoJ, closely monitoring economic indicators and market situations
Finance Minister Katayama emphasized fiscal sustainability to gain market trust while respecting BoJ independence. Plans include expanding retail JGBs and promoting domestic investment by the GPIF amid rising bond yields.
News detail
Important that the government position secures market confidence. Will ensure fiscal sustainability to gain market trust. BoJ can adjust monetary policy regardless of what the government says. Predicts gradual increases in interest rates as the government is engaged in a proactive fiscal policy. Want to speed up discussions on expansion of JGB products targeting households.
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