Japan’s Katayama: Crucial that government position secures market confidence
Japan’s Finance Minister Satsuki Katayama said on Friday that the government will closely tracking economic indicator and market conditions.
Key quotes
No remarks on specific bond yield levels.
Aware ruling party revising language in economic plan.
Monetary tools depend on BoJ.
Crucial that government position secures market confidence.
Closely tracking economic indicators, market conditions.
To maintain fiscal sustainability and secure market confidence.
BoJ can modify monetary policy irrespective of government opinion.
Gradual interest rate rises expected as government pursues active fiscal policy.
Aims to accelerate talks on broadening JGB offerings for households.
Market reaction
At the time of writing, USD/JPY is up 0.01% on the day at 162.40.
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