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JGB futures finished 2 ticks higher at.........>

JGBS
JGBS: JGB futures finished 2 ticks higher at 150.95 as the 7-/10-Year area of
the curve outperformed.
- BoJ dove Kataoka stuck to his playbook as he stated that he believes
additional easing is needed to hit the 2% CPI target. "Specifically, the Bank
should purchase JGBs so that yields on JGBs with maturities of 10 years and
longer will broadly be lowered further" he said. He also said that the BoJ is
far from considering a shift in its policy stance and cited various risks to
Japanese inflation.
- Elsewhere BoJ Gov. Kuroda & Japanese PM Abe reiterated their pledge to ultra
loose monpol.
- The latest 10-Year JGB auction was well received, adding to yesterday's
bullish sentiment in the long end where month/FY end flows supported longer
dated paper.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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