Japan’s shorter-dated government bond yields fell as investors sought safe-haven assets following the US government shutdown. The two-year and ten-year JGBs saw slight declines amidst global uncertainties. Concurrently, a Bank of Japan survey revealed improved manufacturer confidence, heightening prospects for an interest rate hike as early as this month, though market reaction to the survey was limited.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets