Market News
Japan to closely monitor bond market, finance minister says - REUTERS
By Makiko Yamazaki and Yoshifumi Takemoto
TOKYO, May 27 (Reuters) - Japanese Finance Minister Katsunobu Kato said on Tuesday that the government will closely monitor the bond market ahead of the auction of super-long debt this week, warning that higher interest rates could put pressure on state finances.
"Rising interest rates could increase interest payments (on government debt) and pressure state finances for policies," Kato said at a press conference.
"We'll carry out appropriate government debt management while closely monitoring the market developments and continuing dialogue with investors," he added.
