Reuters: US Dollar Report: BOJ official: fiscal backtracking could spike yields

Reuters: US Dollar Report Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

BOJ official: fiscal backtracking could spike yields Jun 26th 2012, 02:18 TOKYO, June 26 | Mon Jun 25, 2012 10:18pm EDT TOKYO, June 26 (Reuters) - Japan's long-term interest rates are very low because markets believe fiscal reform will make progress, but any backtracking could heighten chances of spikes in bond yields, a senior Bank of Japan official said on Tuesday. "At present, long-term rates are extremely low because market participants believe the large fiscal deficit won't be left unattended and that fiscal reform will be implemented," Kazuo Momma, a BOJ executive director in charge of overseeing monetary policy, told a parliamentary committee.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions