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Japan could likely be forced to keep issuing deficit-covering bonds at least until 2025, Finance Minister Taro Aso said on Wednesday, given that country’s current fiscal situation.

Additional comments

“It’s true Japan has been able to issue massive bonds stably at low cost.”

“Markets are calm now, but there is no guarantee it will stay that way in the future.”

“Fiscal sustainability is very important for Japan” given its huge public debt.”

USD/JPY flirts with highs

USD/JPY hovers around 105.50, flirting with daily highs while rising 0.25% so far.

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