Ueda Student Koll Says Japan Bond Yields May Quadruple in a Year
- Benchmark 10-year JGB yields may rise to as high as 2%: Monex
- Investors have been scrambling since Friday to profile Ueda
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Japan’s benchmark bond yield may quadruple to 2% in the next year should Kazuo Ueda take over as central bank governor, according to Jesper Koll of Monex Group.
“If you ask me for investment advice, I predict in 12 months’ time the 10-year bond yield is going to be around 1.75% to 2%,” Koll, an expert director at Monex and once a student of the former Bank of Japan board member, said on Bloomberg Television. Ueda will focus on economic fundamentals including rising inflation during his tenure, the long-time Japan watcher said.