---
title: "Japanese Bond Yields Unlikely to Boost Yen, Says Strategist"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287001106.md"
description: "Japanese bond yields are rising, but strategist Shota Ryu from Mitsubishi UFJ Morgan Stanley Securities believes this will not lead to yen appreciation. He cites concerns over Japan's fiscal health and declining trust in the Bank of Japan's monetary policy. Ryu warns that yen depreciation may increase inflation expectations, leading to further yield rises, and emphasizes the need for government and Bank of Japan actions to restore credibility."
datetime: "2026-05-20T03:44:33.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287001106.md)
  - [en](https://longbridge.com/en/news/287001106.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287001106.md)
---

# Japanese Bond Yields Unlikely to Boost Yen, Says Strategist

Japanese bond yields are rising, but this is unlikely to lead to yen appreciation, according to Shota Ryu, a strategist at Mitsubishi UFJ Morgan Stanley Securities. According to Jin10, Ryu attributes the yield increase to concerns over Japan's fiscal health and declining trust in the Bank of Japan's monetary policy. He noted that yen depreciation could further fuel inflation expectations, potentially causing yields to rise even more. Ryu added that without efforts from the government and the Bank of Japan to restore credibility, the pressure to sell the yen could intensify.

### Related Stocks

- [YCL.US](https://longbridge.com/en/quote/YCL.US.md)
- [YCS.US](https://longbridge.com/en/quote/YCS.US.md)
- [FXY.US](https://longbridge.com/en/quote/FXY.US.md)
- [MUFG.US](https://longbridge.com/en/quote/MUFG.US.md)
- [8306.JP](https://longbridge.com/en/quote/8306.JP.md)

## Related News & Research

- [Japan ready to act on FX volatility, mindful of US bond market impact](https://longbridge.com/en/news/286843217.md)
- [RUBBER-Japan futures extend gains on weaker yen, tight Thai supply](https://longbridge.com/en/news/286840226.md)
- [30-YEAR TREASURY YIELDS CONTINUE DECLINE, LAST AT 5.1085%](https://longbridge.com/en/news/287093969.md)
- [Verizon and 4 other stocks with 5% yields—and market-beating returns](https://longbridge.com/en/news/286926821.md)
- [US Treasury Secretary Bessent.  Excess FX volatility is undesirable.](https://longbridge.com/en/news/286916018.md)