JGBs being bought as safe-haven asset – Japan’s Suga

Japan’s chief cabinet secretary Suga was on the wires today assuring markets that Japan’s financial system remains strong and that Japan’s government bonds are being bought as a safe haven asset.

His comments come after Japanese 10-yr yield bond yield hit the negative territory earlier today.

Key Quotes

JGB gains will lower lending, mortgage rates and have positive impact on economy

Japan's economy to recover, based on strong labour market

JGBs being bought as safe-haven asset