Japan PM: Want to avoid sharp bond yield rises @ Forex Factory

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Japan PM: Want to avoid sharp bond yield rises

guardian.co.uk

Japanese Prime Minister Yukio Hatoyama said on Wednesday the government wants to avoid sharp rises in bond yields when compiling budgets in the future. Hatoyama also repeated that the government and the Bank of Japan need to work together to beat deflation, keeping up pressure on the central bank to keep monetary conditions easy to support a fragile economic recovery. "The government should not cause rapid bond yield rises when compiling budgets," Hatoyama told the country's upper house of parliament. Japan's public debt is approaching 200 percent of GDP, the highest ratio among the developed nations. The JGB yield curve has steepened over the past year, as short- and... Full Story

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Submitted Jan 19, 2010 10:42pm

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