Core Viewpoint - The Governor of the Bank of Japan, Kazuo Ueda, indicated that fluctuations in ultra-long-term bond yields could impact short-term and medium-term yields, necessitating close monitoring of market dynamics and their effects on the economy [1] Group 1 - The Bank of Japan is focusing on the relationship between ultra-long-term bond yields and their potential influence on shorter-term yields [1] - There is an emphasis on the importance of observing market trends to understand their implications for the broader economy [1]

Group 1 - The core viewpoint of the article highlights the Bank of Japan's increasing vigilance regarding the fluctuations in ultra-long bond yields and their potential impact on short-term borrowing costs and the economy [1] - The Bank of Japan's Governor, Kazuo Ueda, indicated that significant volatility in ultra-long bond yields could influence discussions on bond reduction plans in the upcoming policy meeting [1] - A survey summary released by the Bank of Japan shows that many market participants are advocating for maintaining or slightly slowing down the bond reduction pace starting from the fiscal year 2026 [1] Group 2 - The market is particularly focused on the Bank of Japan's response during the next policy meeting scheduled for June 16-17, where the current bond reduction plan will be reviewed [1] - The upcoming meeting will also address plans for the next fiscal year and beyond, indicating a critical juncture for monetary policy [1]