Thursday, July 19, 2007

Japanese Bonds Rise on Speculation Consumer Prices Will Extend Declines

(Bloomberg) -- Japanese bonds rose on speculation
consumer prices will fall further, adding to the purchasing
power of the fixed payments of government debt.

KDDI Corp., Japan's second-biggest mobile-phone carrier,
said yesterday it will offer as much as a 50 percent discount on
monthly subscription fees, adding to deflation pressures in the
world's second-largest economy. Production halts at automobile
plants have added to some investors expectations that an
earthquake this week in central Japan may slow growth in the
economy, said Naomi Hasegawa, a senior bond strategist at
Mitsubishi UFJ Securities Co. in Tokyo.


Read more at Bloomberg Bonds News

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