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Express News | IMF Says It Is Supportive of Bank of Japan's Monetary Policy Decisions, Further Hikes in Interest Rates Should Be Data-Dependent and Proceed at Gradual Pace
Express News | IMF Says Japanese Authorities Have Committed to a Flexible Exchange Rate, Policy That Has Helped the Economy Absorb Impact of Shocks
Express News | Japan Dec Overtime Pay +1.3% Yr/Yr - Govt
Express News | Japan Dec Total Cash Earnings +4.8% Yr/Yr - Govt
Express News | Japan Dec Inflation-Adjusted Real Wages +0.6% Yr/Yr - Govt
Yields continue to rise due to expectations of additional interest rate hikes by the Bank and concerns over US tariffs.
Overview of last week from January 27 to January 31: 10-year bond yield: High: 1.247%, Low: 1.194%, Close: 1.242%, Change from last week: +1.06%. Yields continued to rise due to expectations of additional rate hikes by the Bank of Japan and concerns over U.S. tariffs. Risk-averse buying pushed into safe assets like Japanese government bonds amid declines in Japanese and U.S. stocks, resulting in a drop in yields in the early part of the week. However, comments from Deputy Governor Himino of the Bank of Japan strengthened expectations of additional rate hikes. Concerns over tariff imposition by President Trump reignited worries about U.S. inflation.
