Japan yields at 12-year high aren’t a major issue, says Ueda

TOKYO: Bank of Japan (BoJ) governor Kazuo Ueda indicates that he has no major problem with long-term bond yields rising to the highest level since 2012, saying they should be guided by markets.

“Long-term bond yields are determined by financial markets in principle,” Ueda told reporters near Stresa, Italy after the conclusion of a Group of Seven (G7) meeting of finance chiefs and central bankers.