周一,日本10年期政府债券收益率升至1.47%,尽管穆迪下调美国信用评级可能会增加对避险资产的需求。周五,该机构将美国信用评级从Aaa下调至Aa1,理由是财政前景恶化和“缺乏有效的政策行动”来应对不断增长的赤字。在国内,投资者继续权衡疲软的GDP数据与进一步政策正常化的预期。最近的数据显示,日本经济在2025年第一季度出现收缩,国内生产总值下降幅度超过市场预期,标志着该国一年来首次出现经济收缩。然而,日本央行重申其观点,即工资和物价的上行压力将持续存在,支持其继续逐步收紧货币政策的计划。与此同时,投资者正在关注美日贸易谈判的进展,日本的目标是在6月前达成协议。
Japan's 10-year government bond yield rose to 1.47% on Monday, even as Moody's downgrade of the US credit rating could increase demand for safe-haven assets. On Friday, the agency cut the US credit rating from Aaa to Aa1, citing a deteriorating fiscal outlook and "a lack of effective policy action" to address rising deficits. Domestically, investors continued to weigh the weak GDP data against expectations for further policy normalization. Recent figures showed that Japan’s economy contracted in the Q1 of 2025, with GDP falling more than market expectations and marking the country's first economic contraction in a year. However, the Bank of Japan reaffirmed its view that upward pressure on wages and prices will persist, supporting its plan to continue gradually tightening monetary policy. Meanwhile, investors are monitoring developments in US-Japan trade talks, with Japan aiming to finalize a deal by June.