TOKYO (Reuters) – Japan will strive to maintain market confidence by conducting appropriate debt management, Finance Minister Shunichi Suzuki said on Tuesday, as the 10-year government bond yields broke above the upper cap of 0.5% set by the central bank.
Asked whether the Bank of Japan should take any steps to rein in rising bond yields and correct market distortion, Suzuki told reporters that such a decision must be left up to the central bank to decide as an independent institute.
(Reporting by Tetsushi Kajimoto; Editing by Christopher Cushing)
