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Japan Kan:bond yield rises reflect global recovery
(For more stories on the Japanese economy, click [ID:nECONJP])
TOKYO, Oct 27 (Reuters) - Japan's National Strategy Minister Naoto Kan said on Tuesday the recent rise in government bond yields reflects the global economy's recovery, rather than worries about public finance.
"I believe the rise in bond yields has resulted not from worries about fiscal discipline but from the global economy's recovery," Kan, who is also deputy prime minister, told a news conference after a cabinet meeting.
The benchmark 10-year Japan government bond yield earlier touched a 2-½ month high of 1.395 percent. [JP/] (Reporting by Rie Ishiguro)
