[Institutions: Rising Japanese Bond Yields Unlikely to Strengthen the Yen] According to a report by Jinse Finance on May 20, Mitsubishi UFJ Morgan Stanley Securities strategist Shota Ryu stated that rising Japanese government bond yields are unlikely to lead to yen appreciation. This is due to concerns over Japan's fiscal health and declining confidence in the Bank of Japan's monetary policy. He noted: 'Yen depreciation is highly likely to further fuel inflation expectations, thereby prompting additional yield increases.' He added: 'If the government and the Bank of Japan do not work to restore credibility, the pressure to sell the yen could intensify further.' (Jin10)