0211 GMT - JGBs fall in early Tokyo trading amid fears of further BOJ rate increases. BOJ Deputy Gov. Ryozo Himino made hawkish comments in his speeches on Jan. 14 and 30, saying, "I think it is not normal for real rates to remain clearly negative for a long time," according to Citi Research's Katsuhiko Aiba. If this is the view of key BOJ officials, it suggests that they are currently assuming the nominal policy rate will be at least 2% after 2% inflation is achieved, the economist says in a note. This is much higher than the 1% terminal rate markets are pricing in, Aiba adds. The 10-year JGB yield is up 1.5 bps at 1.225%. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
January 30, 2025 21:11 ET (02:11 GMT)
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