Friday, May 18, 2007

JGBs slip on BOJ rate view in GDP, Fukui aftermath

(Reuters) - JGBs reversed gains from the last two days, after data on Thursday showing that the economy grew largely as expected solidified the market's view that the BOJ may lift rates to 0.75 percent in July-September.

After keeping the central bank's overnight rate unchanged at 0.5 percent, Fukui told reporters on Thursday that raising rates was a possibility even amid sluggish consumer prices, if strength in the rest of the economy warranted such a move.


Read more at Reuters.com Bonds News

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