Japan warns of dire finances as BOJ struggles to contain yields

The government has been helped by near-zero bond yields, but bond investors have recently sought to break the's 0.5% cap on the 10-year bond yield, as inflation runs at 41-year highs, double the central bank's 2% target.

Market showed little reaction to Suzuki's speech, in which he explained the details of the coming fiscal year's state budget worth a record 114.4 trillion yen . "The government will strive to stably manage Japanese government bond issuance through close communication with the market," he said.

Dominoes are falling. UK, Japan, Europe. Meanwhile Russia is stable.

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Japan finmin warns of severe finances as BOJ struggles to contain yieldsJapan's finances are becoming increasingly precarious, Finance Minister Shunichi Suzuki warned on Monday, just as markets test whether the central bank can keep interest rates ultra-low, allowing the government to service its debt. The yields are gonna blow!!
Source: Reuters - 🏆 2. / 97 Read more »