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Japan govt hopes BOJ achieves wage-driven inflation, finance minister says

BY Reuters | ECONOMIC | 03/09/26 09:25 PM EDT

TOKYO, March 10 (Reuters) - Japanese Finance Minister Satsuki Katayama said on Tuesday she hopes the central bank works closely with the government to achieve its 2% inflation target driven not by cost-push factors but accompanied by wage gains.

Katayama declined to comment when asked by an opposition lawmaker in parliament about a media report that Prime Minister Sanae Takaichi voiced reservations about additional interest rate hikes in a meeting with Bank of Japan Governor Kazuo Ueda last month. (Reporting by Leika Kihara; Editing by Himani Sarkar)

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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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