Reuters: US Dollar Report: Japan must fix finances to avoid JGB yield spike-BOJ

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

Japan must fix finances to avoid JGB yield spike-BOJ Jul 27th 2012, 01:23 TOKYO, July 27 | Thu Jul 26, 2012 9:23pm EDT TOKYO, July 27 (Reuters) - Bank of Japan Deputy Governor Hirohide Yamaguchi said on Friday Japanese bond yields may rise if the country loses market trust in its finances or if overseas investors start selling its bonds, stressing the need for efforts toward fiscal reform. "Europe's sovereign debt problems have escalated because markets have doubts over the region's progress towards fiscal reform," Yamaguchi told a parliamentary committee. "It's important that Japan pursues fiscal reform" to restore market trust in Japanese government bonds, he said, adding that bond yields could rise if overseas investors start selling their holdings of JGBs, which have increased significantly.

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