BOJ Rate Unchanged
Japan's 5 year notes had the biggest gain in 3 months after central bank Governor Toshihiko Fukui yesterday said consumer prices and spending were "somewhat weak", spurring speculation interest rates will stay low.
Fukui's comment, made after a unanimous decision by the Bank of Japan to keep borrowing costs unchanged at 0.25%, boosted benchmark notes toward their largest two-day gain in almost four months. Bonds also advanced after the government said it will cut debt sales by a record amount next fiscal year.
Fukui's comment, made after a unanimous decision by the Bank of Japan to keep borrowing costs unchanged at 0.25%, boosted benchmark notes toward their largest two-day gain in almost four months. Bonds also advanced after the government said it will cut debt sales by a record amount next fiscal year.
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