Japan Yields Decline as BoJ Signals No Immediate Policy Change

Japanese government bond yields fell on Tuesday on relief that incoming Bank of Japan leadership signalled no imminent changes in policy, while pent-up demand for longer tenors helped sentiment. Japan’s benchmark 30-year yield fell 5 basis points to 1.380% as of 0520 GMT, after earlier touching 1.375% for the first time since Oct. 7. The 40-year JGB yield fell…