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BOJ official carefully watching risks from yen weakening, Jiji reports

BY Reuters | ECONOMIC | 10/21/24 11:52 PM EDT

TOKYO, Oct 22 (Reuters) - The Bank of Japan is carefully looking at the upside risks from rising import prices as the yen weakens, Executive Director Takeshi Kato was quoted as saying by Jiji Press on Tuesday.

Kato said the central bank was not targeting foreign exchange levels in guiding monetary policy, but that it was carefully looking at those risks, as well as "extremely thoroughly" monitoring the U.S. economy, its presidential elections and the Federal Reserve's moves, Jiji reported.

(Reporting by Kantaro Komiya and Chang-Ran Kim)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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