0423 GMT - While further upside in the 10-year Japanese government bond yield is possible in the near term, the main scenario is that oil prices will stabilize during the spring, easing inflationary concerns, says NLI Research Institute economist Tsuyoshi Ueno. "Even so, speculation regarding BOJ rate hikes and a reduction in [the central bank's] JGB purchases is likely to persist. Therefore, we expect yields to remain largely flat relative to current levels on a three-month horizon," he says. In a risk scenario where prolonged hostilities keep energy prices elevated and exacerbate inflation fears, the 10-year JGB yield could potentially rise to 2.5%, he says. (megumi.fujikawa@wsj.com)
(END) Dow Jones Newswires
March 23, 2026 00:23 ET (04:23 GMT)
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