Ueda to monitor risk of high long-term bond yields affecting shorter-term rates

The Bank of Japan's Governor Kazuo Ueda has expressed concerns about how rising long-term bond yields might impact shorter-term debt, hinting at potential effects on both longer and medium-term rates. He stated that if these yields fluctuate significantly, there could be risks to those shorter or medium-term rates as well. Ueda explained that the Bank prioritizes shorter-term interest rates because they have a more direct impact on economic activity, based on its analysis.