0023 GMT - JGB prices are mixed in the morning Tokyo session, but may be supported by fears of a global recession spurred by an escalating trade war. "Our economists suggest that a sharp slide into global recession, sustained rapid JPY appreciation, or continued market volatility could potentially delay the BOJ's next move," two members of JPMorgan's Global Rates Strategy team say in a recent research report. However, "unless there is a further deterioration in the global economic outlook, we anticipate that the market is likely to price in an extended pause in the BOJ's normalization journey at this point," they add. The 5-year JGB yield is down 0.5bps at 0.845%; the 10-year yield is up 1bp at 1.265%. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 08, 2025 20:23 ET (00:23 GMT)
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