MarketWatch (November 21)
“Developments in Japan are now creating the risk that U.S. yields could rise alongside Japan’s yields.” Amid budget concerns over proposed fiscal stimulus, yields on JGBs “hit their highest levels in almost two decades, with the country’s 10-year rate spiking above 1.78% to its highest level in more than 17 years” while 40-year yields “climbed to an all-time high just above 3.7%.” Since Japan “is the biggest foreign holder of Treasurys, with a roughly 13% share… the concern is that the country’s investors might one day pull the rug by keeping more of their savings at home.”
Tags: 1.78%, 3.7%, Budget, Developments, Fiscal stimulus, Investors, Japan, JGBs, Risk, Savings, Treasurys, U.S., Yields
Reuters (February 4)
“Japan’s exports of agricultural, forestry and fishery products rose 3.7% to a record high in 2024, despite China’s ban on seafood imports following Tokyo Electric Power’s discharge from the Fukushima nuclear power plant.” These exports reached 1.507 trillion yen ($9.7 billion) last year, up nearly from 1.5 trillion yen from 2023. “Exports to China plunged 29.1% to 168.1 billion yen in 2024, but exports to the United States rose 17.8% to 242.9 billion yen, making the U.S. Japan’s top export destination for the first time in 20 years.”
Tags: 2024, 3.7%, Agricultural, Ban, China, Exports, Fishery, Forestry, Fukushima, Imports, Japan, Record high, Seafood, Tepco, U.S.
