周三,日本10年期政府债券收益率跌至1.56%左右,触及一周低点,因为投资者在日本央行即将召开的政策会议之前持谨慎态度。人们普遍预计日本央行将保持利率不变,因为最近美国关税的经济影响仍存在不确定性。然而,央行可能会在其季度展望中上调通胀预测,反映出持续的价格压力。市场也将密切关注日本央行债券购买指导的任何调整,这可能会影响未来的收益率动态。上周,在美国和日本敲定了一项对日本出口征收15%关税的贸易协议后,日本政府债券收益率攀升,低于唐纳德·特朗普总统最初提出的25%。与此同时,东京7月份的通胀数据仍远高于日本央行2%的目标,这增强了人们对政策制定者可能在未来几个月考虑收紧政策的预期。
Japan’s 10-year government bond yield slipped to around 1.56% on Wednesday, hitting a one-week low, as investors positioned cautiously ahead of the Bank of Japan’s upcoming policy meeting. The BOJ is widely expected to leave interest rates unchanged amid ongoing uncertainty over the economic impact of recent US tariffs. However, the central bank is likely to raise its inflation forecast in its quarterly outlook, reflecting persistent price pressures. Markets will also be watching closely for any tweaks to the BOJ’s bond purchase guidance, which could affect future yield dynamics. Last week, Japanese government bond yields climbed after the US and Japan finalized a trade deal imposing a 15% tariff on Japanese exports, lower than the 25% initially proposed by President Donald Trump. Meanwhile, Tokyo’s July inflation reading remained well above the BOJ’s 2% target, reinforcing expectations that policymakers may consider tightening policy in the coming months.