BNP Paribas: The comments by Japan's Finance Minister may be aimed at curbing rising yields

Golden Ten Data reported on July 10 that Ryutaro Kimura, Senior Fixed Income Strategist at BNP Paribas Asset Management Tokyo, said that Japanese Finance Minister Kaori Katayama’s call for pension funds to increase investment in domestic financial assets is partly intended to curb interest rate trends, rather than having a direct practical effect. Today’s decline in Japanese government bond yields reflects that the previous rise in interest rates was too rapid.