JGBs Fall as Prospects of More BOJ Rate Increases Weigh -- Market Talk

Dow Jones

Feb 10, 2025

0247 GMT - JGBs fall in price terms in the Tokyo session. Bank of Japan policy board member Naoki Tamura's comments last week and possible wage increases have bolstered confidence that the BOJ should continue to raise rates, says Christopher Wong of OCBC's FX and Rates Strategy in a note. Several Japanese companies have signaled their intention to raise wages by over 5% this year and domestic bank earnings this year have exceeded expectations so far, Wong says. "These anecdotal evidence points to another year of solid wage increase and meets the pre-requisite for BOJ to continue with hiking rates," Wong adds. The 10-year JGB yield rises 2bps to 1.320%, the highest intraday level since April 2011. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

February 09, 2025 21:47 ET (02:47 GMT)

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Bank of Japan policy board member Naoki Tamura's comments last week and possible wage increases have bolstered confidence that the BOJ should continue to raise rates, says Christopher Wong of OCBC's FX and Rates <a href=\"https://laohu8.com/S/MSTR\">Strategy</a> in a note. Several Japanese companies have signaled their intention to raise wages by over 5% this year and domestic bank earnings this year have exceeded expectations so far, Wong says. \"These anecdotal evidence points to another year of solid wage increase and meets the pre-requisite for BOJ to continue with hiking rates,\" Wong adds. The 10-year JGB yield rises 2bps to 1.320%, the highest intraday level since April 2011. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 09, 2025 21:47 ET (02:47 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JGBs Fall as Prospects of More BOJ Rate Increases Weigh -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJGBs Fall as Prospects of More BOJ Rate Increases Weigh -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-10 10:47</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0247 GMT - JGBs fall in price terms in the Tokyo session. Bank of Japan policy board member Naoki Tamura's comments last week and possible wage increases have bolstered confidence that the BOJ should continue to raise rates, says Christopher Wong of OCBC's FX and Rates <a href=\"https://laohu8.com/S/MSTR\">Strategy</a> in a note. Several Japanese companies have signaled their intention to raise wages by over 5% this year and domestic bank earnings this year have exceeded expectations so far, Wong says. \"These anecdotal evidence points to another year of solid wage increase and meets the pre-requisite for BOJ to continue with hiking rates,\" Wong adds. The 10-year JGB yield rises 2bps to 1.320%, the highest intraday level since April 2011. 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Bank of Japan policy board member Naoki Tamura's comments last week and possible wage increases have bolstered confidence that the BOJ should continue to raise rates, says Christopher Wong of OCBC's FX and Rates Strategy in a note. Several Japanese companies have signaled their intention to raise wages by over 5% this year and domestic bank earnings this year have exceeded expectations so far, Wong says. \"These anecdotal evidence points to another year of solid wage increase and meets the pre-requisite for BOJ to continue with hiking rates,\" Wong adds. The 10-year JGB yield rises 2bps to 1.320%, the highest intraday level since April 2011. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"由于日本央行进一步加息的前景承压，日本国债下跌——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"USDJPY.FOREX":1},"content_text":"0247 GMT - JGBs fall in price terms in the Tokyo session. Bank of Japan policy board member Naoki Tamura's comments last week and possible wage increases have bolstered confidence that the BOJ should continue to raise rates, says Christopher Wong of OCBC's FX and Rates Strategy in a note. Several Japanese companies have signaled their intention to raise wages by over 5% this year and domestic bank earnings this year have exceeded expectations so far, Wong says. \"These anecdotal evidence points to another year of solid wage increase and meets the pre-requisite for BOJ to continue with hiking rates,\" Wong adds. The 10-year JGB yield rises 2bps to 1.320%, the highest intraday level since April 2011. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 09, 2025 21:47 ET (02:47 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}