JGBs Fall on Prospects for Quicker Pace of BOJ Rate Hikes
Dow Jones
Yesterday
0021 GMT - JGBs fall in price terms in morning Tokyo session on the prospects for a quicker pace of BOJ rate hikes. The BOJ Tankan survey released earlier showed "overall business conditions were the most favourable in decades, which should encourage the Bank of Japan to keep tightening policy at a faster pace," Capital Economics' Marcel Thieliant says in a commentary. Also, the Tankan "won't dispel the BOJ's concerns about upside risks to inflation and we're sticking to our view that the [central] bank will lift its policy rate to 2% by mid-2027," the head of Asia-Pacific adds. Ten-year JGB yields rise 2.5 bps to 3.085%.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.