0009 GMT - JGBs rise in the early Tokyo session, tracking overnight price gains in U.S. Treasurys. The JGB market may also be supported by expectations that the Bank of Japan may delay raising rates due to the potential shock to the Japanese economy from President Trump's tariffs. The tariff announcement has "cast a huge shadow" over prospects that the BOJ may raise rates at its April 30-May 1 meeting, Mitsubishi UFJ Morgan Stanley Securities' Naomi Muguruma says in a research report. "The BOJ's view of the world may change sharply as a result of the announcement," the chief fixed income strategist adds. The 10-year JGB yield slips 8 bps to 1.280%. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 03, 2025 20:09 ET (00:09 GMT)
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