Japan's Katayama Cracks Down on Bond Markets with Heightened Urgency

Japanese Finance Minister Satsuki Katayama has stated that officials will closely monitor bond markets with heightened urgency. This move comes as interest rate shifts are being driven by multiple market factors.

Katayama emphasized that the government aims to gradually lower Japan's debt-to-GDP ratio and maintain fiscal sustainability. He also noted that Prime Minister Takaichi's comments on new government bond issuance near 40 trillion yen hold major importance.

Katayama met with US official Bessent, explaining Japan's efforts to target fiscal sustainability and growth. According to the source, Bessent understands and supports Japan's position.