Japan's Jiji Press reported on Tuesday that during a meeting with Bank of Japan President Kazuo Ueda in May, Japanese Prime Minister Sanae Takaichi asked the Bank of Japan to buy additional government bonds if necessary to curb the rise in long-term interest rates. Jiji Press quoted unnamed sources as saying that during the meeting, Takaichi Sanae called on Ueda Kazuo to take “appropriate measures to stabilize the market” and increase bond purchases if necessary. According to Jiji Press, Ueda responded that the Bank of Japan needs to consider the market reaction that such measures may trigger, but the central bank will respond if necessary. The Japanese government did not immediately respond to a request for comment.

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