0026 GMT - JGBs edge lower in price terms as Japan's underlying inflation suggests the Bank of Japan may raise rates further. Data released earlier showed inflation excluding fresh food and energy prices rose 2.6% in February, up from 2.5% in January. Strength in February's underlying inflation implies the BOJ could raise rates at its April 30-May 1 meeting, though uncertainty over impact of U.S. tariffs will probably postpone such a move to July, says Marcel Thieliant, head of Asia-Pacific at Capital Economics, in a note. The 2-year JGB yield is 0.5 bps higher at 0.840%; the 10-year yield is up 1.5 bps at 1.530%. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 20, 2025 20:27 ET (00:27 GMT)
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