Koizumi supports Japan's zero rates

Japanese five-year notes rose for a second day on Wednesday 30 juneafter Prime Minister Junichiro Koizumi said conditions are not yet right for the Bank of Japan to end its policy of keeping interest rates close to zero.

Ten-year bonds also gained after the Nihon Keizai newspaper said government debt sales for the fiscal year ended March 31 will probably be 1 trillion yen ($9.23 billion) less than estimated as tax revenue increased.

``The timing is not yet right for a change in policy,'' Koizum