Japan 10-year government bond yields extend fall after Kuroda comments

10-year JGB yields are down by 8 bps today to 0.07%


Kuroda delivered a number of dovish remarks earlier in an attempt to jawbone the JGB market after having seen 10-year yields open higher at 0.15% earlier today.

So far, that is working as yields have fallen to their lowest since mid-February. Then again, when you own more than two-thirds of the bond market, it would be embarrassing to not be able to dictate conditions in the way you’d want them to be.
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