Japan Finance Minister sees no risk of JGBs suffering a principal loss

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FILE PHOTO: Japan
FILE PHOTO: Japan’s new Finance Minister Shunichi Suzuki arrives at prime minister’s office in Tokyo, Japan October 4, 2021. REUTERS/Issei Kato

TOKYO (Reuters) - Finance Minister Shunichi Suzuki said on Friday he saw no risk of Japanese government bonds (JGBs) suffering a loss of principal as long as it wins market confidence in its debt management.

Suzuki also told reporters after a cabinet meeting that the ministry would strive to achieve the fiscal 2025 budget balancing target by promoting fiscal reform.

(Reporting by Tetsushi Kajimoto; Editing by Christian Schmollinger)

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