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Japan's 5-year bond yield edges higher ahead of BOJ decision

BY Reuters | ECONOMIC | 09/19/24 08:18 PM EDT

TOKYO, Sept 20 (Reuters) - Japan's five-year government bond yield edged up on Friday, as investors awaited the Bank of Japan's policy decision later in the day.

The BOJ is set to keep monetary policy steady, but signal its confidence that solid wage growth and consumption will allow the central bank to raise interest rates again in coming months.

Japan's core consumer inflation accelerated for the fourth straight month in August and tracked comfortably above the central bank's 2% target, data showed on Friday, keeping alive expectations for further interest rate hikes.

Yields on bonds with other maturities have not moved, as of 00:00 GMT (Reporting by Junko Fujita and Brigid Riley; Editing by Rashmi Aich)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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