The 10-year Japanese government bond yield could hit 3% by the end of the year as the economy stays on a firm growth trajectory, says Sumitomo Mitsui DS Asset Management strategist Masahiro Ichikawa. He also expects further upside for Japanese equities if the government's massive investment plan promotes more capital spending in the private sector. "Regarding fiscal policy, Prime Minister Sanae Takaichi has expressed her intention to secure market trust, so the probability of it becoming undisciplined seems low," he adds. The 10-year JGB yield was last up 6 bps at 2.830%. The Nikkei Stock Average was down 0.2% at 69615.32. (megumi.fujikawa@wsj.com)
Dow Jones Newswires
10-Year JGB Yield Could Rise to 3% by Year End — Market Talk
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The 10-year Japanese government bond yield could hit 3% by the end of the year as the economy stays on a firm growth trajectory, says Sumitomo Mitsui DS Asset Management strategist Masahiro Ichikawa. He also expects further upside for Japanese equities if the government's massive investment plan pr…