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BOJ urged to continue with monetary easing

Minister warns surge in bond yields can affect govt finances after June inflation hits 1.3% after adjusting for tax rise

Tokyo

JAPAN'S Cabinet Office yesterday urged the Bank of Japan to continue its aggressive monetary easing tactics - a day after a senior government minister had warned that "we are walking a tightrope" in seeking to prevent a sudden surge in bond yields that could potentially destabilise government finances.

The warning by Economic and Fiscal Affairs Minister Akira Amari underlined the fragile balance Japanese authorities are trying to preserve in seeking to prevent interest rates and bond yields from...

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