Japanese government bonds gained Wednesday, following weakness in the country’s fourth-quarter gross domestic product (GDP), with the 10-year yield hitting over a month’s low. Investors will now remain focused on the industrial production for the month of December, scheduled to be released on February by 04:30GMT.
The yield on the benchmark 10-year Treasury note, which moves inversely to its price, slipped 1/2 basis point to 0.06 percent, the yield on the long-term 30-year note fell 1 basis point to 0.79 percent and the yield on short-term 2-year remained tad lower at -0.15 percent by 04:55 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.
Despite the weaker-than-expected headline figures, many economists say they expect growth to continue because companies can use their strong profits for capital expenditure.
Meanwhile, the Nikkei 225 index fell 0.51 percent to 21,141.00 by 04:55 GMT, while at 04:00GMT, the FxWirePro's Hourly JPY Strength Index remained highly bullish at 186.84 (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


Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock
Thailand Inflation Remains Negative for 10th Straight Month in January
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 



