Japan’s shorter-end bond yields edge down as US government shuts down

Japan’s shorter-dated government bond yields fell as investors sought safe-haven assets following the US government shutdown. The two-year and ten-year JGBs saw slight declines amidst global uncertainties. Concurrently, a Bank of Japan survey revealed improved manufacturer confidence, heightening prospects for an interest rate hike as early as this month, though market reaction to the survey was limited.