News summary
Bank of Japan Governor Kazuo Ueda spoke outfreespinshof, emphasizing that long-term interest rates are market-drivenfreespinshof, and promised to continue to monitor bond market dynamics.
Newsletter text
[The Bank of Japan reiterates its position that long-term interest rates are determined by the market] Bank of Japan Governor Kazuo Ueda made it clear recently that he will not comment or intervene in the daily fluctuations in Japan's long-term interest rates. He insisted that long-term interest rates should be determined by market forces rather than directly set by central banks. In addition, Kazuo Ueda emphasized that the Bank of Japan will continue to pay attention to bond market dynamics to ensure the stability of market operations and the consistency of expectations.