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Masahiro Ichikawa, strategist at Sumitomo Mitsui DS Asset Management, stated that if the Japanese economy maintains steady growth, the 10-year JGB yield could reach 3% by the end of the year. Masahiro Ichikawa stated that the government investment plan to stimulate private sector capital expenditures will provide upward momentum for Japanese stocks. Masahiro Ichikawa added that Japanese Prime Minister Hayao Takashi has expressed his intention to maintain market stability and reduce the risk of loose fiscal discipline. The 10-year JGB yield increased by 6bps to 2.830%.