Japan’s Finance Minister Shunichi Kato cautioned on Tuesday that higher long-term interest rates could have far-reaching effects on the economy, stressing the need for careful monitoring of financial conditions.
Kato reaffirmed the government’s commitment to stable government bond issuance, highlighting efforts to maintain market stability amid shifting economic and monetary conditions.
Key Remarks:
Forex fluctuations could impact the Japanese economy and affect households through import costs.
The government will respond appropriately while monitoring foreign exchange developments.
Market Reaction
As of press time, the USD/JPY pair is down 0.41% on the day, trading at 146.65.
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