Japan’s Kihara says government aims to secure market trust by stably lowering debt-to-GDP ratio
The post Japan’s Kihara says government aims to secure market trust by stably lowering debt-to-GDP ratio appeared on BitcoinEthereumNews.com. Japan’s Chief Cabinet Secretary Minoru Kihara said during the European trading session on Thursday that the administration wants to secure market trust by stably lowering the government debt-to-GDP ratio. Additional remarks Government watching markets with very high sense of urgency. Long-term interest rates are decided in markets based on various factors. Market reaction No immediate reaction was seen in the Japanese Yen (JPY) following remarks from Japan’s Kihara. At press time, USD/JPY trades 0.17% lower at around 162.35. Japanese Yen FAQs The Japanese Yen (JPY) is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors. One