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Mitsui Sumitomo: 10-year Japanese government bond yield may rise to 3% by year-end

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ME News message, July 6 (UTC+8), Masahiro Ichikawa, strategist at Sumitomo Mitsui DS Asset Management, said that as the Japanese economy remains on a solid growth trajectory, the yield on the 10-year Japanese government bond could reach 3% by the end of the year. He also expects that if the government's large-scale investment plan can promote increased capital expenditure by the private sector, the Japanese stock market will have further room to rise. He added: "On the fiscal policy front, Prime Minister Sanae Takaichi has expressed his intention to ensure market trust, so the possibility of it becoming undisciplined seems low." The latest yield on the 10-year Japanese government bond rose 6 basis points to 2.830%. (Jin Shi) (Source: ODAILY)
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