BoJ Governor Ueda:
- Many tariff negotiations include those between U.S.-Japan still ongoing, so the outlook remains uncertain
- Also it remains unclear how tariff policies would affect global, Japan economy
- Will carefully examine data
- Won’t comment on short-term developments of interest rates
- Will closely monitor bond market, want to watch rising super-long yields closely
- Swings in short-term, medium-term interest rates have bigger impacts on economic activities
- Will be mindful that large swings in super-long bond yields could impact other yields
The rapid rise in Japanese Government Bond yields is causing much concern among Japanese Authorities. There are signs action will be taken to lower them:
