MNI BRIEF: BOJ's Ueda Sees No Gap With Market L/T Rates View

Bank of Japan Governor Kazuo Ueda said on Wednesday that the rise in long-term interest rates reflects the change of market players’ view on the outlook for the economy and prices, and there is no contradiction between this and the BOJ.

Ueda told lawmakers that it is natural for long-term interest rates to be formed freely in markets, and for rates to move based on the outlook for the short-term and the policy interest rate. (See MNI POLICY:BOJ Still Sees JGB Yields In Line With Fundamentals)

Ueda in February said that the BOJ will conduct bond buying operations, if necessary, to fight rapid rate moves.