Sumitomo Mitsui: 10-Year Japanese Government Bond Yield May Rise to 3% by Year-End

Odaily Planet Daily News: Masahiro Ichikawa, a strategist at Sumitomo Mitsui DS Asset Management, stated that as the Japanese economy remains on a stable growth trajectory, the yield on 10-year Japanese government bonds could reach 3% by the end of the year.

He also expects further upside for Japanese stocks if the government's large-scale investment plan encourages increased capital expenditure in the private sector. He added, "On the fiscal policy front, Prime Minister Sanae Takaichi has expressed an intention to secure market trust, so the likelihood of it becoming undisciplined seems low." The yield on the 10-year Japanese government bond rose 6 basis points to 2.830% most recently. (Jin Shi)