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Fed, Trade War Make $488 Billion Japan Fund a Treasuries Bull
Japan’s Asset Management One Co. has a bullish call on Treasuries. One for the long, long run. The money manager overseeing the equivalent of $488 billion says benchmark U.S. yields will keep falling as structural changes in the economy and stubbornly low inflation see the Federal Reserve following its peers in Japan and Europe in lowering interest rates toward zero. “The U.S. will stay in a monetary easing cycle in the long run,” said Yusuke Ito, a fund manager in the global fixed income investment division at Asset Management in Tokyo. “There are structural issues which need to be addressed. The problem of ... (full story)