Central Banks
Ueda Hints Japan Yields at 12-Year High Aren’t a Major Issue
- BOJ chief signals little sense of urgency after yields rise
- Suzuki says increase highlights the need for fiscal health
Kazuo Ueda
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
Bank of Japan Governor Kazuo Ueda indicated that he has no major problem with long-term bond yields rising to the highest level since 2012, saying they should be guided by markets.
“Long-term bond yields are determined by financial markets in principle,” Ueda told reporters near Stresa, Italy after the conclusion of a Group of Seven meeting of finance chiefs and central bankers. “I will continue to carefully monitor moves in the market.”