By Junko Fujita TOKYO, Oct 28 (Reuters) – Japanese government bond (JGB) yields edged down on Tuesday, on expectations that Japan would not propose boosting its defence budget beyond its target to the United States. The 10-year JGB yield fell 2 basis points (bps) to 1.65%. The five-year yield fell 1 bp to 1.22%. Japan's new Prime Minister Sanae Takaichi met U.S. President Donald Trump earlier on Tuesday in Tokyo and discussed economic and security matters. Takaichi said on Friday that Japan aims to reach a defence spending goal of 2% of gross domestic product (GDP) in the current fiscal year through March, ahead of the original target of fiscal 2027. "Based on media reports earlier in the day, the U.S. did not seem to have requested Japan to increase the spending beyond the 2% target," sai
JGB yields fall on expectations Japan would not exceed defence spending beyond target
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