Japan Risks Yield Jump Undermining BOJ Easing, Fiscal Panel Says
This article is for subscribers only.
A Japanese government fiscal advisory panel warned that a failure to improve the nation’s finances could trigger a spike in bond yields that makes central bank easing less effective.
Prime Minister Shinzo Abe needs to map out a plan to curb the world’s largest public debt and maintain confidence in the nation’s bonds, the panel, which includes academics and company executives, said in a report released in Tokyo today.