BOJ
Japan's 10-year government bond yield reversed course and edged higher on Tuesday following a moderately firm outcome at a same-maturity bond auction. The yield rose 0.5 basis points to 2.12%. Markets remain concerned that the Bank of Japan is lagging in addressing inflation risks, anticipating further rate hikes.
Dilaporkan oleh AI
The Bank of Japan is stepping closer to a rate increase, with policy board members expressing confidence that, barring deviations from forecasts or unforeseen events, an upward move is likely. The board voted to keep the policy rate at 0.5% during its October meeting. The central bank will make the move as long as wages keep moving up at a healthy pace, and there are no big surprises.