Japan’s Bonds Head for Seventh Monthly Gain on Yen, BOJ Outlook
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Japan’s bonds headed for a seventh monthly gain as a strengthening yen pushed down stocks and boosted demand for the safety of government debt.
Bonds extended their monthly winning streak to the longest since December 1993 after the Bank of Japan yesterday brought forward the date of its next policy meeting, fueling speculation it will follow the Federal Reserve in increasing debt purchases to spur growth. Bonds were also boosted as government reports showed industrial production declined for a fourth month and consumer prices dropped for a 19th.