Japan govt bond yields fall as BOJ keeps policy unchanged

Japanese government bond (JGB) yields fell on Tuesday after the Bank of Japan (BOJ) maintained its ultra-loose monetary settings, reversing their rise prior to the announcement. Benchmark 10-year JGB yield fell to 0.635% after rising to a session high of 0.685%. "With the market focus on the timing for the BOJ's exit from its negative rate policy, super-long JGBs tend to perform relatively better than those with maturities less than 10 years," said Kentaro Hatono, a fund manager at Asset Management One.