JGBs Fall on Prospects for Quicker Pace of BOJ Rate Hikes
Japanese Government Bonds (JGBs) fell in price during the morning Tokyo session due to prospects for a quicker pace of Bank of Japan (BOJ) rate hikes. This outlook is supported by the BOJ Tankan survey, which indicated that overall business conditions are the most favourable in decades, encouraging the central bank to continue tightening policy at a faster pace.
JGBs fell in price terms during the morning Tokyo session on prospects for a quicker pace of BOJ rate hikes. The BOJ Tankan survey released earlier showed that overall business conditions were the most favourable in decades, which should encourage the Bank of Japan to keep tightening policy at a faster pace.