Japan Bonds Rise After Finance Minister Satsuki Katayama Signals Possible GPIF Portfolio Changes

Japanese government bond prices rose after comments from Japan's Finance Minister Satsuki Katayama about the Government Pension Investment Fund (GPIF). According to Jin10, Katayama said earlier on Tuesday that if the investment environment changes significantly, adjustments to the GPIF portfolio could be considered. Market observers said her remarks were seen as supportive of the GPIF potentially buying more Japanese government bonds in the future. The 2-year Japanese government bond yield fell 1 basis point to 1.435%. The 10-year yield fell 3 basis points to 2.755%, and the 30-year yield fell 4.5 basis points to 3.860%.