Beverly Hills 1/8/2010 12:45:02 AM
News / Business

New Finance Minister Sends Japan’s Yields Soaring

Finance World News Update by EQUITIES Magazine

With concerns about additional supply growing as the fiscally conservative finance minister was replaced with a spending advocate, Japanese government-bond yields rose today.

 

Investors reacted to Hirohisa Fukii’s resignation as Japan’s finance minister. Mr. Fujii strongly supported a 44 trillion yen ($476.24 billion) cap on new debt issuance in the fiscal year starting April. However, his replacement, Deputy Prime Minister Naoto Kan is considered to be more spend-friendly, his appointment raising concerns about the viability of that cap.

 

About EQUITIES:

 

Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.

 

Sign up for a free one-year subscription to EQUITIES Magazine