TOKYO, Jan 17 (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)
((tetsushi.kajimoto@thomsonreuters.com; +81-3-6441-1829;))
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