Japan’s Kato says will conduct fiscal policy appropriately

Japanese Finance Minister Katsunobu Kato said on Tuesday that he will appropriately conduct fiscal policy.

Key quotes

Seeking more Japanese Government Bond holdings by domestic investors

Will make efforts toward appropriate Japanese Government Bonds management

Crucial to seek Japanese Government Bond holdings by diverse groups

Says will appropriately conduct fiscal policy.

Need for a variety of investors to hold JGBs.

Need to broaden investors in Japanese Government Bonds.

Need to start promoting domestic ownership of JGBs

Market reaction  

At the time of writing, the USD/JPY pair is trading 0.01% lower on the day at 144.53.