Japan's MUFG looks to restore JGB holdings as interest rates rise

Head of global markets sees next BOJ hike coming as early as July

20240529N 10-year yield

The yield on 10-year Japanese government bonds reached 1.02% on May 27. (Photo by Mizuho Miyazaki)

YUMIKO OSHIMA, Nikkei staff writer

TOKYO -- Mitsubishi UFJ Financial Group plans to build its holdings of Japanese government bonds back up if the Bank of Japan raises interest rates in earnest, the head of the global markets business group told Nikkei.

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