财政担忧缓解之际 日本超长期国债延续涨势

Group 1 - The core viewpoint of the articles is that Japan's ultra-long-term government bonds have continued to rise following Prime Minister Kishida Fumio's historic election victory, alleviating investor concerns regarding fiscal policy [1][3]. - On Thursday, the yield on Japan's 40-year bonds fell by 10 basis points, while the 30-year bonds dropped by 9.5 basis points, returning to levels seen in early January when news of Kishida's early election was first reported [1][3]. - The bond market's reaction indicates that some investors are betting that Kishida's victory will lead to clearer policies and reduce the risks of worst-case fiscal scenarios [1][3]. Group 2 - Kishida stated that the Ministry of Finance will not fill the spending gap by issuing new bonds, and the government will reassess subsidies, special tax measures, and non-tax revenue to find "sustainable" funding sources [2][4]. - Despite the strengthening of the yen against the dollar for three consecutive days, Japan's foreign exchange affairs chief, Jun Mimura, emphasized that the government remains vigilant [1][3]. - Investors are still concerned about a potential market collapse, as the government needs to find alternative financing channels if it intends to cut consumption taxes without increasing debt [2][4].