Japan's five-year notes headed for the biggest slump in almost nine years after inflation rose at the fastest pace in a decade in March, adding to speculation the Bank of Japan will increase interest rates this year.
Government notes declined for a second day, pushing yields to the highest in six months, after the statistics bureau said core consumer prices climbed 1.2 percent from a year earlier after gaining 1 percent in February. The probability that the central bank will raise its target rate this year climbed to 79 percent from 39 percent yesterday, according to calculations by JPMorgan Chase & Co. using interest-rate swaps.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aYruOQCFHlQs&refer=home
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