Rapid rate rise not good for economy - Tanigaki

Japan's Finance Minister Sadakazu Tanigaki said a rapid rise in long-term interest rates may harm Japan's economic recovery, Jiji Press reported.

"Abrupt movement (of interest rates), in anticipation of economic recovery, is not favourable," Tanigaki said at a regular Tuesday morning news conference, Jiji reported.

Regarding Bank of Japan monetary policy, according to the report, Tanigaki said the central bank's firm commitment to its super-loose monetary policy had good effects on the economy.