Japan’s MoF Official: Interest rates won’t remain low indefinitely

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.”

Additional quotes

“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.”

Market reaction

USD/JPY was last seen trading at 132.32, up 0.06% on the day.

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