SHIZUOKA (Kyodo) The massive issuance of state bonds to fund the government’s economic stimulus program could lead to a rise in long-term interest rates, Bank of Japan Policy Board member Hidetoshi Kamezaki warned Wednesday.

In a speech to local business leaders in Shizuoka, Kamezaki said the economy is no longer in free fall and is likely to head for a mild recovery soon thanks to a slowdown in production cuts and the government’s stimulus measures. But there remains “great uncertainty” over the future prospects, he added.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.