The benchmark 10-year Japanese government bond yield fell about 1 basis point to 3.085 percent. New Bank of Japan policymaker Ayano Sato backed further rate increases in stages, Kyodo reported, according to Reuters as cited by the Economic Times.
Japanese government bond yields fell on Wednesday even as a Bank of Japan policymaker signalled support for further rate increases, the Economic Times reported, citing Reuters. The 10-year yield fell 1 basis point to 3.085 percent. The 30-year yield dropped to 4.205 percent.
New board member Ayano Sato backed raising interest rates in several stages, the Kyodo news agency reported, according to that account. Sato was among two policymakers who dissented when the central bank raised rates in September.
The Nikkei said the new 10-year yield was at 3.090 percent in early afternoon, 0.005 percentage point lower on the day, after the Bank of Japan's regular bond-buying operation was taken as uneventful. The two reports differ slightly on the level, so the precise print depends on the time of the quote.
No new policy decision was taken on Wednesday. The item is a market move plus a policymaker comment, not a change in the Bank of Japan's target rate.
People Sentiments Neutral
- Ayano Sato backed raising interest rates in several stages, Kyodo reported.
- The Nikkei said the Bank of Japan's regular bond-buying operation had a limited effect on the market.