Japan to watch bond market moves with utmost vigilance: spokesman
TOKYO (Kyodo) -- Japan will watch bond market moves with an "extremely high" sense of urgency after the yield on the benchmark 10-year government bond
Japan will closely monitor bond market movements with great urgency, according to Chief Cabinet Secretary Minoru Kihara, a top government spokesman. After the yield on the 10-year government bond reached 3 percent at a point, the government will do everything in its power to manage economic and fiscal policies effectively, Kihara stated at a press conference.
The spokesman emphasized that bond yields are influenced by multiple factors. The 10-year government bond yield hit 3 percent, returning to a critical level after surging to 3.015 percent last week, the highest level in nearly three decades. Government bonds, whose prices move inversely to their yields, have recently been sold due to rising U.S. long-term interest rates, spurred by concerns about potential inflation resulting from the escalation of the U.S.-Iran war and higher U.S. crude oil futures prices.
Written by urgent.news from The Mainichi's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
