Japan Bonds Fall for Third Week on Producer Prices, Ozawa’s Bid
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Japanese bonds completed a third weekly loss after data showed producer prices avoided declines for a second month and on prospects debt issuance will increase under a government led by Ichiro Ozawa.
Bonds also dropped after the government said Japan’s economy grew at a faster pace in the second quarter than initially estimated, and U.S. data showed the trade deficit narrowed and filings for jobless benefits declined. Ozawa is challenging Prime Minister Naoto Kan at the ruling party’s leadership election on Sept. 14.