Japanese Finance Minister Shunichi Suzuki said on Tuesday that interest rates are set by markets, reflecting JGB demand and various aspects. However, Suzuki declined to comment on the Bank of Japan's (BoJ) decision last week on the planned reduction of JGB purchases. 

Key quotes

JGB yields are determined by the market.

Aims to smoothly issue Japanese government bonds and control costs.

Aims to continue reforming spending and revenue to achieve its PB goal.

Decline to comment on the Bank of Japan's decision last week on the planned reduction of JGB purchases.