Chief Stock Market Correspondent, EMEA
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Mar 21, 2013

Ten-year JGB yield hits near-decade low, investors bet on BOJ action

TOKYO, March 21 (Reuters) – Yields on benchmark 10-year
Japanese government bonds fell to a near-decade low on Thursday,
driven by strong expectations that new central bank chief
Haruhiko Kuroda will buy more bonds as part of a bold easing
policy to pull Japan out of deflation.

“Many investors do not want to hold cash before the BOJ
eases aggressively,” said Tadashi Matsukawa, head of Japan fixed
income at PineBridge Investments.

Mar 14, 2013

Nikkei bounces after 2 days of losses, BOJ nominees confirmation eyed

TOKYO (Reuters) – Japan’s Nikkei average advanced on Thursday following two straight days of losses as some exporters rebounded, but there was some caution ahead of the confirmation of Bank of Japan leadership nominees by parliament this week.

The Nikkei rose 0.3 percent to 12,273.78 after hitting a 54-month intraday high of 12,461 on Tuesday.

Mar 11, 2013

JGB yields rise on U.S. jobs, 20-yr underperforms ahead of auction

TOKYO, March 11 (Reuters) – Yields on Japanese government
bonds rose on Monday after data showed a sharp increase in U.S.
job growth in February, but expectations that the Bank of Japan
will adopt more forceful monetary easing helped limit the rise.

U.S. employers added 236,000 workers last month, far
outstripping expectations for a gain of 160,000, showing signs
the U.S. economic recovery was gathering pace.

Mar 8, 2013

JGBs jump, futures hit record after reassuring 30-year sale

TOKYO, March 8 (Reuters) – Japanese government bond futures
jumped to a record on Friday and the 20-year yield plunged after
a decent sale of 30-year bonds implied solid demand for
superlong maturities and prompted a wave of shortcovering.

The 10-year futures contract rose 20 ticks to
145.32, after reaching an all-time record peak of 145.50 in the
afternoon session.

Mar 7, 2013

Superlong JGBs underperform ahead of Friday’s 30-year auction

TOKYO, March 7 (Reuters) – Japanese government bond prices
eased on Thursday, with longer-dated debt underperforming ahead
of an auction of 30-year bonds the following day and after data
showed robust jobs growth in the U.S. private sector.

But expectations that the Bank of Japan will step up its
monetary easing helped support the shorter end of the yield
curve. The five-year yield was unchanged at 0.105
percent, not far from its record low of 0.095 percent.

Mar 6, 2013

Superlong JGBs underperform, 10-year steady on BOJ easing hopes

TOKYO, March 6 (Reuters) – Prices on superlong Japanese
government bonds fell on Wednesday, giving up some of the steep
gains earlier this week, although the 10-year yield held steady,
supported by expectations that the Bank of Japan will embark on
further aggressive monetary easing.

* The 20-year yield rose 3.5 basis points to
1.580 percent after tugging close to a 10-year trough of 1.450
percent on Tuesday, while the 30-year yield also
added 3.5 basis points to 1.765 percent after sinking to a
2-1/2-year low of 1.625 percent in the previous day.

Mar 5, 2013

Nikkei rises on BOJ reflation expectations; Fast Retailing jumps

TOKYO (Reuters) – The Nikkei stock average advanced on Tuesday as the confirmation hearings of Bank of Japan leadership nominees boosted expectations of further easing by the central bank, while Fast Retailing rose sharply after reporting strong sales.

Fast Retailing Co (9983.T: Quote, Profile, Research, Stock Buzz) climbed 4 percent and was the top weighted gainer on the Nikkei after its Uniqlo casual-clothing chain posted a 9.6 percent year-on-year increase in same-store sales in Japan last month.

Mar 4, 2013

Nikkei scales 53-month high, buoyed by robust U.S. data

TOKYO (Reuters) – Japan’s Nikkei share average climbed 1.3 percent to a 53-month high on Monday, led by exporters after data showed surprisingly strong U.S. manufacturing and consumer sentiment.

Japanese exporters also got a helping hand from a weaker yen, which lost 1 percent to 93.685 to the dollar on Friday after the upbeat U.S. data. The Japanese currency was quoted at 93.695 to the dollar on Monday.

Mar 1, 2013

Long-dated JGB prices rise on pension fund buying

TOKYO, March 1 (Reuters) – Long-dated Japanese government
prices inched higher on Friday, with the 30-year yield hitting a
seven-month low, as pension funds looked to extend the duration
of their portfolios.

Expectations that the Bank of Japan will adopt bold monetary
easing also supported the market, although gains were capped
after Tokyo’s Nikkei share average reversed earlier
losses and traded higher.

Feb 27, 2013

year yield falls to near decade low on safe-haven bid

TOKYO, Feb 27 (Reuters) – The benchmark 10-year Japanese
government bond yield fell to a near 10-year low on Wednesday as
investors continued their flight-to-quality after an
inconclusive Italian election raised concerns that efforts to
resolve the euro zone debt crisis could suffer.

A pause in the yen’s weakening after the Italian poll
knocked Japanese equities lower, with the benchmark Nikkei
losing 1.3 percent.

    • About Dominic

      "I am head of the European stock markets team based in London. Before that, I was with Reuters Hong Kong for more than 10 years, covering politics, banking, macro-economy and Asian G-3 currency bonds and credit."
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