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.”
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