Japan’s Suga: JGBs being bought as safe-haven asset

TOKYO, Feb 9:  Japan’s top government spokesman said on Tuesday that recent gains in Japanese government bond prices are due to investors’ purchases of the debt as a safe-haven asset. Chief Cabinet Secretary Yoshihide Suga told reporters the country’s financial system remains healthy after the Bank of Japan’s introduction on negative interest rates. Earlier on Tuesday the yield on the benchmark 10-year government bond yield fell below zero for the first time. (AGENCIES)