Japan’s bonds may fall, pushing 10- year yields to the highest since May, on speculation the ruling party will increase debt sales to help pay for economic-stimulus measures, according to Mizuho Securities Co.
Japan’s Prime Minister Shinzo Abe said he aims to start cutting corporate taxes in 2015, reaching agreement with senior lawmakers on a core part of his agenda as the central bank kept up pressure for sustainable finances.
The Bank of Japan, struggling to keep the strengthening yen from derailing efforts to repair the world’s third-largest economy, is facing a new challenge -- the shrinking yield gap between two-year sovereigns and Treasuries.
Japan’s exports fell in May for the first time in 15 months on weak demand from the U.S. and Asia, adding to challenges for Prime Minister Shinzo Abe as he tries to steer the economy through a forecast contraction this quarter.
After educating Japanese children since 1956, Kiyokawa Elementary School lies abandoned, its walls and roof crumbling because there are no longer enough pupils to fill it and the town can’t afford to demolish the building.