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Katayama eyes 7 trillion yen of idle funds as Kiuchi says Japan needs no excessive easing

Kiuchi's remarks reduce the risk of government pushback against further BOJ tightening, which is likely to be read as supportive of an earlier rate hike, coming on the same day Tokyo core inflation jumped to 2.7%. That could add to upward pressure on short-dated JGB yields and offer the yen some support. Katayama's fund review is modest relative to Japan's budget, but signals fiscal discipline at…

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