At the Minister of Finance’s press conference, explanations were given regarding the stability of the government bond market, auction trends and the background to rising interest rates on ultra-long-term bonds. The market views of participants and the government’s approach to reflecting them in future policy were also addressed.
The meeting of Primary Dealers in the government bond market scheduled for today was discussed. The government stated that it would refrain from commenting on an ongoing basis about government bond auction results and market participants’ market views, and an explanation was given of the background to the rise in interest rates on ultra-long-term government bonds observed since April.
Current financial conditions and investor trends have reportedly been cited as the background to the rise in interest rates, and the government indicated its intention to reflect these developments in future policy.