30 March 2006, 12:51 Hosokawa: Sharp Rise In L/T Interest Rates Unwelcome
The Japanese Finance Ministry's top bureaucrat said Thursday that sharp gains in long-term interest rates are unwelcome and could be harmful to the economy.
"A sharp rise in long-term rates is undesirable and could have a negative impact on the economy," Vice Finance Minister Koichi Hosokawa told reporters at a regular press conference.
"So we must continue to watch these developments," he said.
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