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Capital Markets

Japan's long-term rate falls to zero amid overseas uncertainty

10-year JGB yield hits lowest level in five months as investors seek safe havens

TOKYO -- The yield on newly issued 10-year Japanese government bonds, a benchmark for the country's long-term interest rate, declined Wednesday 0.010% from a day earlier to zero for the first time in five months. 

Geopolitical risks surrounding North Korea's nuclear and missile ambitions and growing uncertainty over the state of European politics have sent global investors scurrying for safe-haven assets, including Japanese and U.S. government bonds. 

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