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Market Update: Japan 10-Year Yield Steady
The yield on the benchmark Japan 10-year JGB was little changed at 0.78% in the fourth week of May, amid a general drop in US and European bond yields as concerns over tight monetary policy appear to ease although worries over rising inflation persist. Meanwhile, Japanese Finance Minister Taro Aso’s dismissed an immediate need for supplementary budget or additional spending to handle the coronavirus pandemic. Also, 2 COVID-19 mass vaccination centers opened in Tokyo and Osaka on Monday as the vaccination rollout gains steam and Johnson & Johnson had filed for regulatory approval of its one-shot COVID-19 vaccine in Japan. source: Ministry of Finance, Japan [/s2If]
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