Japan’s Suga: To firmly implement policy for fiscal and economic growth - Bloomberg

As per Bloomberg report Japan chief cabinet secretary Suga has reiterated that the government intends to firmly implement policy for fiscal and economic growth.

Suga was on the wires last week signaling Tokyo's readiness to intervene in the market if the yen spikes out of line with fundamentals and defended the Bank of Japan's negative interest rate policy.

BOJ policymakers will meet for a review of monetary policy later this month. Speculation is rife the central bank would trim purchases of ultra long JGB’s due to which yields at the long end of the bond market curve spiked to near 6-month highs last week.