Japan's major banking organizations have warned that government bond yields may continue to rise, which risks leading to asset write-down and loss of profits. Masahiko Kato, president of the Japan Bankers Association, said at a press conference on Thursday that the continued rise in Japanese treasury yields could lead to asset impairment and actual losses. Kato said that banks may wait until yield prospects are more clear and policy interest rates peak before increasing their holdings of Japanese bonds. The head of Japan's financial regulator said this month that he is closely monitoring whether banks are properly managing the risks of rising interest rates on all aspects of business, such as bond holdings, corporate loans, and ultra-long-term mortgages.

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