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

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Golden Finance reported that on July 6, Masahiro Ichikawa, a strategist at Sumitomo Mitsui DS Asset Management, said that with the Japanese economy staying on a solid growth track, 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 an increase in private sector capital expenditure, there will be further room for the Japanese stock market to rise. He added: "In terms of fiscal policy, Prime Minister Sanae Takaichi has expressed her intention to ensure market trust, so the possibility of it becoming undisciplined seems low." The yield on the 10-year Japanese government bond recently rose 6 basis points to 2.830%.
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