Japanese government bonds respond as deflation drive gathers steam

03/6/2013 | Wall Street Journal, The

Japan's government bond market is now following the yen and Japanese stocks in feeling the effects of the new government's drive against deflation. Bond prices are soaring and "it's buy, buy, buy," said investment adviser Hidetoshi Ohashi, adding that this is "not a trend that's going to just correct itself in a couple months."

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