2 days ago
- Business
- Wall Street Journal
JGBs Fall on Japan's Fiscal Worries Ahead of Upcoming Election
0010 GMT — JGBs fall in price terms in the morning Tokyo session on Japan's fiscal worries ahead of the Upper House election on July 20. Regardless of the election's results, JPMorgan sees two key takeaways emerging. First, uncertainty about the consumption tax cut debate will probably continue, two members of JPMorgan's Japan Fixed Income Strategy say in a note. Second, the risk balance is tilted toward larger fiscal spending, the members say. 'The true significance lies in the perception of unrestrained fiscal discipline,' the members add. The 10-year JGB yield rises 3bps to 1.530%. (
