Japan government bond prices rose after finance minister Katayama said she could consider adjusting the Government Pension Investment Fund's (GPIF) portfolio if the investment environment changes materially. Market participants said the comments were

2026-07-14

Japan government bond prices rose after finance minister Katayama said she could consider adjusting the Government Pension Investment Fund's (GPIF) portfolio if the investment environment changes materially. Market participants said the comments were interpreted as supportive of potential further GPIF purchases of Japanese government bonds. Two-year JGB yield fell 1bp to 1.435%; 10-year fell 3bps to 2.755%; 30-year fell 4.5bps to 3.86%. GPIF is one of the world’s largest pension funds.