0147 GMT - Most JGBs fall in price terms in the morning Tokyo session, weighed by the prospect of further BOJ rate increases. Japanese economic data released this morning showed that household spending rose 2.7% in December in real terms from a year earlier, beating consensus expectations. The data may add to the case for another BOJ rate increase. Naoki Tamura, a hawkish member of the BOJ's policy board, on Thursday called for potentially faster rate increases. The JGB 2-year yield, which is sensitive to expectations of monetary policy, rises 2 bps to 0.780%, the highest intraday level since October 2008. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 06, 2025 20:48 ET (01:48 GMT)
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