BOJ's Miyao says JGB stability vital, offers no new steps
TOKYO | Tue May 28, 2013 6:28am BST
(Reuters) - Bank of Japan board member Ryuzo Miyao said on Tuesday it was vital to keep long- and short-term interest rates stable but offered no new prescriptions to contain the recent bond market turmoil that has threatened to undercut the central bank's massive easing campaign.
The former academic said rises in Japanese stocks and U.S. long-term interest rates have contributed to the recent rise in Japanese bond yields.