TOKYO: Japanese government bond prices rose on Wednesday as a decline in Tokyo shares in the wake of escalating trade tensions between the United States and Europe boosted demand for government debt. The benchmark 10-year JGB yield fell 1 basis point to minus 0.060 percent.
The 20-year yield lost half a basis point to 0.350 percent. The 30-year yield and the 40-year yield dipped 1 basis point each, to 0.525 percent and 0.550 percent, respectively.
Ten-year JGB futures tacked on 0.06 point to 152.94, with a trading volume of 12,247 lots by mid-afternoon trade.
The Bank of Japan offered to buy 480 billion yen ($4.32 billion) of five- to 10-year bonds in a regular debt-purchasing operation, providing support to the broader market.
Japan's Nikkei lost 0.7 percent, dropping to a one-week low, after US President Donald Trump said he would impose tariffs on $11 billion of European goods.
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