Bond yield gains should reflect Japan's economy

Bank of Japan governor Toshihiko Fukui said Wednesday 23 March the central bank does not want increases in bond yields that aren't underpinned by the performance of the economy.

``We want to avoid, as much as possible, interest rates from being decided in a manner that fails to match the state of the economy,'' Fukui told the budget committee of the upper house of parliament in Tokyo.

He added that central banks can't directly influence long- term interest rates. Government efforts to curb bond