Japans 10-year bond yields volaile, hover just under two-week high
Mumbai, June 24 -- Japan's bond yields saw volatile moves but largely held elevated after recent uptick as markets reassessed trajectory of interest rates. Japan's economy continues to recover at a moderate pace. The Bank of Japan noted that downside risks to growth have eased, with businesses benefiting from favorable earnings and improving supply conditions. With underlying inflation moving closer to the Bank's 2% target and concerns growing that price pressures could spread more broadly across the economy, policymakers signaled that further interest rate hikes may be appropriate. The Bank has recently raised its benchmark interest rate by 25 basis points to 1.0%, the highest level since September 1995. The 10-year benchmark Japan bond ...
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