LONDON: Japan's finance ministry is concerned by a recent rise in the volatility of its government bond yields, a senior official said on Wednesday, but it expects this to die down once it has held more auctions.
"We have concerns about the short-term volatility," Makato Fujishiro, deputy director-general for government finance at the finance ministry said.
But he stressed that interest rates remained very low and that the volatility would prove brief. "I expect after several auctions the volatility will be reduced."
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