Japan’s Kihara Vows Stable Debt Reduction to Secure Market Trust]

Japan’s Chief Cabinet Secretary Minoru Kihara stated during Thursday’s European trading session that the government aims to build market confidence through consistent efforts to reduce the nation’s debt-to-GDP ratio.

Additional remarks

We are monitoring market conditions with the utmost urgency.

Long-term interest rates are determined by market forces based on various factors.

Market reaction

The Japanese Yen showed minimal movement following Kihara’s comments. The USD/JPY pair traded 0.17% lower at approximately 162.35 at press time.

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