BOJ rate hike expectations push JGB yields to multi-year peaks; Governor Ueda hints at policy tightening.
Summary
Japanese Government Bond (JGB) yields are at multi-year highs, driven by expectations of a Bank of Japan (BOJ) interest rate hike. Governor Kazuo Ueda's statements indicate a potential policy tightening next week, which the government is likely to tolerate. The 10-year JGB yield has reached its highest level since July 2007.
Key Points
- JGB yields are increasing.
- The Bank of Japan (BOJ) is expected to raise interest rates.
- Governor Kazuo Ueda hinted at policy tightening.
- The 10-year JGB yield is at its highest since July 2007.
Full Article
Japanese government bond yields are climbing to multi-year peaks. Traders anticipate the Bank of Japan will increase interest rates next week. Governor Kazuo Ueda's comments suggest a policy tightening is being considered. This move is expected to be tolerated by the government. The 10-year JGB yield has reached its highest point since July 2007.