JGBs slide on news of Abe about to quit, Fed’s new inflation promise
TOKYO, Aug.28 (Reuters) – Japanese government bond (JGB) prices fell on Friday on news of Prime Minister Shinzo Abe’s resignation and after the U.S. Federal Reserve articulated a new long-term approach to tolerate higher inflation.
Media reports that Abe will be resigning, which led to the selling of JGBs, as the market was largely supported by the massive purchase of Bank of Japan bonds,…
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