Japan bonds rise after dovish BOJ stokes demand at two-year auction

Japanese government bonds saw a rise on Friday. This came after a successful auction of two-year notes. Investor confidence returned following a dovish statement from Bank of Japan Governor Kazuo Ueda. The central bank decided against raising interest rates. This eased concerns about short-to-medium term rate hikes. Demand for the two-year debt proved resilient, boosting bond prices.