Japanese government bond (JGB) costs advanced on Monday after figures demonstrated the economy contracted significantly more than anticipated in the final quarter, feeding fears it might slip into a recession.
The benchmark 10-year Japanese government bond futures increased 0.09 point to 152.58, while the 10-year money Japanese government bond yield dropped a half of a bp to minus 0.040 percent.
At the shorter end of the market, the five-year yield lost a half of a bp to minus 0.135 percent, while the two-year yield stood unchanged at minus 0.145 percent.
The 20-year and the 30-year yields tumbled 1.5 bps each toward 0.240 percent and 0.370 percent, individually.
Japan's economy contracted at an annualized pace of 6.3 percent in the October-December period, numbers appeared on Monday, contracting at the quickest pace in just about six years and raising the hazard it could again slide into recession. Market analysts' median gauge was for a 3.7 percent constriction.