Japanese Bonds Gain for Third Day as Stock Decline Spurs Flight to Safety

(Bloomberg) -- Japanese bonds rose, pushing 10-year
yields to the lowest in more than seven weeks, after a slump in
global stocks and corporate debt spurred demand for the relative
safety of government securities.

Benchmark bonds headed for a second weekly advance on
speculation a U.S. housing slump will slow growth in the biggest
market for Japanese exporters, making it harder for the Bank of
Japan to justify raising interest rates. A government report
today showed consumer prices fell for a fifth month.


Read more at Bloomberg Bonds News