Central Banks
Japan Yields Fall as Ueda Warns BOJ Can Step In to Smooth Market
- Japan’s Prime Minister Ishiba said he’s watching market moves
- Ueda says BOJ will buy bonds ‘nimbly’ if yields rise sharply
This article is for subscribers only.
Bank of Japan Governor Kazuo Ueda signaled a readiness to intervene in the bond market to quell a surge in yields, reiterating the central bank’s commitment to supporting stability as the prime minister and finance minister voiced concerns about the potential impact of higher borrowing costs.
“Moves in bond yields fluctuate to a certain degree,” Ueda said in response to questions in parliament Friday. “However, we will purchase government bonds nimbly to foster the stable formation of yields in exceptional cases where long-term yields rise sharply.”