Japan’s 10-year government bond yield held steady around 1.51% on Tuesday, as investors digested comments from Bank of Japan Governor Kazuo Ueda ahead of the central bank’s next policy meeting. Ueda said the BOJ will review its bond tapering plans while considering feedback from bond market participants. He also noted a decline in investor demand for super-long Japanese government bonds, emphasizing that short- and medium-term yields have a more direct impact on the economy. The governor reiterated the BOJ’s readiness to raise interest rates again, provided that economic and price projections continue to materialize. He described Japan’s recovery as “moderate,” supported by improving corporate profits and solid business sentiment, despite some areas of weakness. Investors are now awaiting key labor market and household spending data later this week for further indications of Japan’s economic momentum.