Japans Katayama ruft nach dem Sturm der Anleiheverkäufe zur Marktruhe auf

*Haslinda Amin and Erica Yokoyama for Bloomberg News*

Japanese Finance Minister Satsuki Katayama called on market participants to calm down after an intense day of bond selling pushed up yields on long-term government debt to the highest levels in decades with ripples reaching other global markets.

“Since last October, our fiscal policy has consistently been responsible and sustainable, not expansionary, and the numbers clearly demonstrate that,” Katayama said in an interview with Bloomberg TV’s Haslinda Amin on Tuesday on the sidelines of the World Economic Forum in Davos, Switzerland.

Katayama pointed to Japan’s lowest reliance on debt issuance in 30 years, rising tax revenue and the smallest fiscal deficit among Group of Seven economies as evidence to support the government’s view that its fiscal policy is responsible and sustainable.

[Read the full story here.](https://www.bloomberg.com/news/articles/2026-01-20/japan-s-katayama-calls-for-market-calm-after-bond-selling-storm?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc2ODkxOTUwOSwiZXhwIjoxNzY5NTI0MzA5LCJhcnRpY2xlSWQiOiJUOTU2R09UOTZPU0gwMCIsImJjb25uZWN0SWQiOiJEMzU0MUJFQjhBQUY0QkUwQkFBOUQzNkI3QjlCRjI4OCJ9.nitAWfBD2ZxKXEiO1WyEgLlYVR0K7NlCvYhf4a9dk70)