Bloomberg News

SocGen's Shimamoto Urges Longer Bond Durations in Japan

June 06, 2012

Hajime Takata, chief economist at Mizuho Research Institute Ltd., comments on Japanese bond yields. He spoke during a telephone interview yesterday.

On demand for safer assets:

“Global financial problems have put strong downward pressure on yields. Rates on Treasuries, bunds and gilts have fallen to records, while Japan’s 10-year yield slid below 0.8 percent. The next target for 10-year JGB yields may be the record low of 0.43 percent, depending on how the European debt crisis develops.

“Global bond yields will continue to stay low.”

To contact the reporter on this story: Yumi Ikeda in Tokyo at yikeda4@bloomberg.net

To contact the editor responsible for this story: Garfield Reynolds at greynolds1@bloomberg.net


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