Japanese government bonds remained flat in a silent trading session ahead of the Chinese Lunar New Year, as investors have largely shrugged-off the higher-than-expected industrial production for the month of December, released early today.
The yield on the benchmark 10-year Treasury note, which moves inversely to its price, hovered around 0.06 percent, the yield on the long-term 30-year note remained flat at 0.79 percent and the yield on short-term 2-year steadied around -0.15 percent by 04:50 GMT.
Japan’s economy posted its longest continuous expansion since the 1980s boom as fourth-quarter growth was boosted by consumer spending, and moved Prime Minister Shinzo Abe’s revival plan another step closer to vanquishing decades of stagnation.
However, the economy expanded at a 0.5 percent annualized rate in October-December, less than the median estimate for annualized growth of 0.9 percent, Cabinet Office data showed on Wednesday. That followed a revised 2.2 percent annualized increase in July-September.
Compared to the previous quarter, gross domestic product (GDP) grew 0.1 percent, slightly less than the median estimate of 0.2 percent growth and following a 0.6 percent quarter-on-quarter expansion in July-September, Cabinet Office data showed on Wednesday.
Meanwhile, the Nikkei 225 index jumped 1.54 percent to 21,483.00 by 04:55 GMT, while at 04:00GMT, the FxWirePro's Hourly JPY Strength Index remained neutral at 44.55 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm
Nikkei 225 Hits Record High Above 56,000 After Japan Election Boosts Market Confidence
Oil Prices Slip as U.S.-Iran Talks Ease Middle East Tensions
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility
Asian Currencies Stay Rangebound as Yen Firms on Intervention Talk
U.S. Stock Futures Rise as Markets Brace for Jobs and Inflation Data
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 



