Japan Government Bonds Rise as Stocks Drop, Monetary Base Grows
This article is for subscribers only.
Japan’s government bonds rose, pushing yields on 10-year and 30-year debt to the lowest in almost two weeks, as stocks fell and the central bank said the monetary base expanded, increasing speculation more funds will flow into fixed-income securities.
The Bank of Japan unveiled a plan on April 4 to double the monetary base, a measure of money in the economy, in two years through increased buying of bonds. The BOJ said today the amount jumped 23 percent last month from a year earlier, the most in two years, indicating progress toward its goal.