Reuters: US Dollar Report: BOJ Shirakawa: bonds yields may rise if fiscal reform lacking

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BOJ Shirakawa: bonds yields may rise if fiscal reform lacking May 24th 2012, 05:56 TOKYO | Thu May 24, 2012 1:56am EDT TOKYO May 24 (Reuters) - Bank of Japan Governor Masaaki Shirakawa said on Thursday that bond yields may rise and hurt the economy if markets feel the country is not doing enough to fix its finances. Shirakawa was speaking at a committee of parliament's lower house. Fitch cut Japan's sovereign credit status on Tuesday to the lowest level of any of the global ratings agencies as a political stalemate dims chances that the country can curb its snowballing debt.

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