Japan’s Financial Revitalisation Minister, Ryosei Akazawa, stated on Wednesday sharp rises in Japanese authorities bond yields may have an undesirable impression on the financial system.
“If rates of interest rise sharply, that would enhance the price of financing Japan’s debt,” which is already at excessive ranges in debt-to-GDP phrases, Akazawa advised a information convention.
“It may additionally harm the financial system” via a rise in mortgage charges and company borrowing prices, he added.
