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BOJ to closely work with government on bond market situation, its governor says

BY Reuters | ECONOMIC | 12:56 PM EDT

PARIS, May 19 (Reuters) - Bank of Japan Governor Kazuo Ueda said on Tuesday that the central bank would work closely with the government on the market situation concerning Japanese government bonds.

"As for long-term interest rates, we recognise that they have been rising recently, and at a relatively fast pace," Ueda told reporters after a Group of Seven finance chiefs and central bankers' meeting in Paris.

(Reporting by Makiko Yamazaki Editing by Gareth Jones)

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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.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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