News Journal

Japan bonds yield rises after U.S. acquires Fannie and Freddie


The Japanese market experts said that the takeover of home mortgages companies Fannie Mae and Freddie Mac by U.S. government is a step in right direction at the right time. The Japan market experts are said that this will starts to end the global credit crisis. The Japan yield on bonds rose as the market improved.

The American market experts said that the global economic situation and the credit crisis problem will not be solved until the house loans loss is corrected and the takeover will make the mortgage companies to take right decision and to recover.