周一，日本10年期政府债券收益率保持在1.66%左右，接近2008年以来的最高水平，此前执政党投票为财政鸽派和亲刺激方案的议员高一成为日本下一任首相铺平了道路。在自民党取代鹰派首相石破茂的五名竞争者中，高一被视为最具扩张性的，与已故的安倍晋三的“安倍经济学”政策密切相关。在获胜后，高一强调了政府和央行之间的密切协调，以实现由更强劲的工资和企业收益支持的需求驱动的通货膨胀。与此同时，日本央行行长上田和夫周五重申，如果经济增长和通胀如预期般发展，将恢复加息，并指出美国关税正在给出口商的利润，特别是汽车行业的利润带来压力，尽管对投资、就业和工资的更广泛影响仍然有限。

Japan’s 10-year government bond yield held around 1.66% on Monday, near its highest level since 2008, after a ruling party vote paved the way for fiscal dove and pro-stimulus lawmaker Sanae Takaichi to become Japan’s next prime minister. Among five contenders in the Liberal Democratic Party race to replace hawkish Prime Minister Shigeru Ishiba, Takaichi was seen as the most expansionary, closely aligned with the late Shinzo Abe’s “Abenomics” policies. Following her win, Takaichi emphasized close coordination between the government and the central bank to achieve demand-driven inflation supported by stronger wages and corporate earnings. Meanwhile, Bank of Japan Governor Kazuo Ueda reiterated Friday that rate hikes will resume if growth and inflation progress as expected, noting that US tariffs are pressuring exporters’ profits, particularly in autos, though broader effects on investment, employment, and wages remain limited.