BofA: Investors pour into bonds, pull back from crypto
Investing.com -- Japanese Finance Minister Katsunobu Kato acknowledged on Friday that he is aware of bond market concerns regarding the country’s fiscal policy, as Japan approaches an upper house election where the minority government faces potential setbacks.
Japanese government bonds experienced a significant decline this week, pushing yields on 30-year debt to record highs. This market reaction followed polls indicating that Prime Minister Shigeru Ishiba’s coalition might lose its majority in the upper house vote scheduled for Sunday.
"I’m aware of bond market views that the recent market movements reflect various concerns about fiscal policy ahead," Kato told reporters after attending a meeting of finance leaders from the Group of 20 major economies in South Africa.
Kato pledged that the government would "carefully respond to those market voices, carry out appropriate debt management and work to improve fiscal health to maintain market confidence."
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