Ten-year JGB yield hits a near decade low on BOJ easing hopes

TOKYO, March 21 Wed Mar 20, 2013 9:12pm EDT

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TOKYO, March 21 (Reuters) - Yields on benchmark Japanese government bonds hit a near-decade low on Thursday, driven by mounting expectations that new Bank of Japan Governor Haruhiko Kuroda will buy more bonds as part of a bold easing policy to pull the country out of deflation.

The 10-year yield slipped 1 basis point to 0.580 percent, its lowest level since June 2003.

Ten-year JGB futures climbed as much as 16 ticks to a record high of 145.56. They were up 10 ticks at 145.50.

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