Japan’s MoF Official: Interest rates won’t remain low indefinitely
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Michio Saito, Director-General of the Financial Bureau at Japan’s Ministry of Finance (MoF), said in a statement early Wednesday, “interest rates remain low but the current situation won’t last indefinitely.”
“JGB coupon rates will be decided based on prevailing market conditions.”
“Striving to extend the duration of JGB yields by correcting massive issuance of short-term JGBs FY2020.”
USD/JPY was last seen trading at 132.32, up 0.06% on the day.
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