Published on 12/02/2025 at 01:49 am EST
(MT Newswires) -- Japanese equities closed flat on Tuesday, despite a bid in 10-year Japanese Government Bonds, which rallied after an auction that drew robust demand.
The Nikkei 225 was flat to close at 49,303.45.
The 10-year Japanese Government Bond auction drew strong demand with a 3.59 bid-to-cover ratio versus 2.97 in November and a 12-month average of 3.20. The auction tail narrowed to 0.04 from 0.13 last month, indicating tighter pricing and firmer investor appetite.
Ten-year debt futures climbed up to 23 ticks post-auction, and the benchmark 10-year cash bond yield slipped 1 basis point to 1.865%, reflecting renewed buying in fixed income after Monday's selloff.
Market sentiment found support after Bank of Japan chief Kazuo Ueda said the BOJ would weigh rate-increase risks while keeping financial conditions accommodative even after a move higher.
In economic news, Japan's monetary base averaged 612.687 trillion yen in November, down from 616.598 trillion yen in October. The base declined 8.5% year on year, with banknotes slipping 2.5% and coins falling 1.4%. Reserve balances dropped 8% year on year and current account balances fell 9.9%.
On the corporate front, Maruka Furusato, which ended 0.6% lower, said 232,500 shares of its common stock were sold via an impact neutralisation trust in November, yielding 514 million yen.
Meanwhile, pay-TV operator Wowow, which declined 2.1%, said it logged 41,633 new subscriptions and 61,429 cancellations in November, marking a net contraction of 19,796 subscriptions. The total subscription base closed the month at 2.2 million.
Sumber : MT Newswires
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