Japan’s Finance Minister Shunichi Kato warned on Tuesday that higher long-term interest rates could have wide-ranging effects on the economy, underscoring the need for careful monitoring of financial conditions.
Kato also reaffirmed the government’s commitment to ensuring stable government bond issuance, signaling efforts to manage market stability amid evolving economic and monetary conditions.
USD/JPY continues its drip lower:
US equity indexes are taking a beating also:
- ES down 0.7%
- NQ down 1%