Japan’s Katayama Says Watching Market Trends as Yields Near 2%

Japanese Finance Minister Satsuki Katayama said she is closely watching market trends, as the yield on 10-year government debt hovers near 2%, a level not seen since 2006.

“We are monitoring market trends very closely,” Katayama told reporters on Tuesday when asked about the recent rise in yields. “We will manage government bonds appropriately through close communication with the market” she said, while refraining from commenting on any specific level.