TOKYO, March 14 (Reuters) - Japanese government bond futures
rose on Wednesday tracking overnight gains in U.S. Treasuries,
although concerns about the potential impact of an ongoing
political scandal roiling Tokyo curbed the gains.
June 10-year JGB futures gained 0.03 point to
150.70. A decline in Japan's Nikkei also supported JGB
Activity was subdued elsewhere in the JGB market, with the
10-year and 30-year bond yields
unchanged at 0.045 percent and 0.755 percent, respectively.
Japanese Prime Minister Shinzo Abe and his ally, Finance
minister Taro Aso, have came under increased fire over
suspicions of cronyism involving the sale of government land.
Bond market participants think JGB yields could rise if the
scandal hurts Abe's ability to continue pursuing his economic
policies, which include aggressive monetary easing.
Treasury prices gained overnight after the sudden dismissal
of U.S. Secretary of State Rex Tillerson hurt broader risk
sentiment and lifted demand for safe-haven debt.
(Reporting by the Tokyo markets team; Editing by Sunil Nair)
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