Japan Official Sows Doubt Over Potential US Treasuries Sales

A senior Japanese Finance Ministry official sowed doubt over any prospects for the nation to sell US Treasuries as part of any move to prop up the yen, suggesting the maneuver could end up being counterproductive.

Authorities are mindful of risk from selling their holdings of US government bonds, as that could lead to an increase in American yields — in turn triggering a decline in the yen, the official said. Japan has ample funds in cash and deposits to intervene when needed, the official said, speaking to reporters in Paris Monday.