Japan’s Suzuki: Rises in bond yields could push up costs of interest payment

Japanese Finance Minister Shunichi Suzuki said in a statement on Tuesday, “rises in bond yields could push up costs of interest payment.”

Additional comments

“Bond yields are set by various factors.”

“Will strive to conduct debt management so as not to lose market confidence.”

“Will nominate “most appropriate” person as new Bank of Japan (BoJ) governor.”

Market reaction

USD/JPY is attempting another run to recapture the 129.00 level, now trading at 128.90, up 0.30% so far.