Japan’s 40-year bond yield drops to over a month low after strong auction

Japan’s 40-year bond yield decreased to a one-month low. This happened after strong demand at an auction. Easing concerns about Japan’s public finances supported this. The auction received bids 2.6 times the amount sold. Super-long JGB yields have been falling from recent highs. Sanae Takaichi toned down her appeal for government spending.