Uncertain Prospects for US-Iran Negotiations Raise Inflation Concerns, Japanese Government Bond Prices Fall

Golden Ten Data, April 22 – On Wednesday, Japanese government bond prices fell sharply after rising for two consecutive trading days. This was due to uncertainty surrounding US-Iran peace talks and rising oil prices, which reignited inflation concerns. The yield on Japan’s 10-year government bond rose by about 2 basis points to 2.4%, while the yield on the 30-year government bond increased by about 1.5 basis points to 3.570%. Katsutoshi Inadome, senior strategist at Sumitomo Mitsui Trust Asset Management, said: “The rise in yields is basically driven by persistently high oil prices caused by instability in the Middle East.”