Svmuu News: Masahiro Ichikawa, a strategist at Sumitomo Mitsui DS Asset Management, said that as the Japanese economy remains on a steady growth trajectory, the yield on 10-year Japanese government bonds could reach 3% by the end of the year.
He also expects that if the government’s large-scale investment plan stimulates increased capital spending in the private sector, the Japanese stock market will have room for further gains. He added, “Regarding fiscal policy, Prime Minister Sanae Takaichi has expressed her intention to ensure market confidence, so the likelihood of it becoming undisciplined seems low.” The yield on the 10-year Japanese government bond recently rose by 6 basis points to 2.830%. (Jin Shi)