Japan's 10-year government bond yield has risen to 1.065%, the highest level in a decade, amid increasing expectations of further Bank of Japan (BOJ) policy tightening. This marks the first time the yield has crossed 1% in 12 years, reaching 1.05% since April 2012. BOJ Governor Kazuo Ueda has indicated that long-term bond yields are primarily determined by the market and has shown no major concern over the rise. Ueda has also stated that the BOJ will proceed cautiously with inflation-targeting frameworks and that re-anchoring inflation expectations is necessary. Additionally, BOJ board member Seiji Adachi has emphasized the importance of maintaining accommodative financial conditions until the price goal is achieved, warning against premature interest rate increases. Japan’s service prices rose at the fastest clip in over 30 years, supporting the case for the BOJ to raise interest rates.
BOJ'S ADACHI WARNS AGAINST FAST INTEREST RATE INCREASE RISKING JAPAN'S ECONOMY
BOJ'S ADACHI: DESIRABLE TO REDUCE BOJ'S BOND BUYING IN SEVERAL STAGES, TAKING INTO ACCOUNT BOND MARKET SUPPLY AND DEMAND, FUNCTION, LIQUIDITY
ADACHI SUGGESTS POSSIBILITY OF RATE HIKE WITH INCREASED CHANCE OF STABLE INFLATION
BOJ'S ADACHI: AT SOME STAGE IN THE FUTURE, WE WILL LIKELY REDUCE OUR JGB PURCHASES
BOJ'S ADACHI: IMPORTANT TO ADJUST DEGREE OF MONETARY SUPPORT IN SEVERAL STAGES, AS LONG AS UNDERLYING INFLATION CONTINUES TO HEAD TOWARD 2%
ADACHI PREDICTS EARLIER INFLATION PICKUP DUE TO WEAK YEN
BOJ'S ADACHI: WE MUST LOOK NOT JUST AT DOWNSIDE BUT UPSIDE RISKS IN GUIDING MONETARY POLICY
BOJ'S ADACHI: BY FIXING INTEREST RATES AT CURRENT ZERO LEVELS UNTIL INFLATION IS DURABLY AT OUR PRICE TARGET, WE MIGHT BE FORCED TO HIKE RATES RAPIDLY LATER AND THEREFORE RISK HURTING ECONOMY
BOJ'S ADACHI: IF WE FOCUS TOO MUCH ON DOWNSIDE RISKS, INFLATION MAY ACCELERATE AND MIGHT FORCE US TO TIGHTEN MONETARY RAPIDLY AS A RESULT
BOJ'S ADACHI: WE MUST ABSOLUTELY AVOID RAISING INTEREST RATES PREMATURELY
BOJ'S ADACHI: WE ARE NOT YET AT STAGE WHERE WE ARE CONVINCED THAT THERE IS SUSTAINED ACHIEVEMENT OF PRICE TARGET, SO MUST MAINTAIN ACCOMMODATIVE CONDITIONS
BOJ'S ADACHI: BOJ MUST MAINTAIN ACCOMMODATIVE FINANCIAL CONDITIONS UNTIL PRICE GOAL ACHIEVED
BOJ'S ADACHI EXPECTS INFLATION TO ACCELERATE FROM SUMMER TO FALL
BOJ'S ADACHI EXPECTS INFLATION TO GRADUALLY INCREASE
BOJ'S ADACHI EXPECTS REDUCTION OF BOND BUYING AT SOME POINT
BOJ's Adachi says if excessive yen falls impact inflation, policy response becomes option https://t.co/w9IBDx4Q1b
ADACHI FROM THE BANK OF JAPAN: VITAL TO ADJUST EASING IN LINE WITH ECONOMIC AND PRICE CONDITIONS.
BOJ'S ADACHI: JAPAN'S ECONOMY NOT SLUMPING BUT NOT IN STRONG SHAPE EITHER WITH VARIOUS UNCERTAINTIES REMAINING
BOJ'S ADACHI: VITAL TO ADJUST EASING IN STAGES
BOJ'S ADACHI: JAPAN'S ECONOMY IS RECOVERING MODERATELY, ALTHOUGH THERE ARE SOME WEAK SIGNS
BOJ'S ADACHI: CONSUMPTION HOLDING STEADY AS A WHOLE MAINLY FOR SERVICE SPENDING
BOJ'S ADACHI: IT IS POSSIBLE TO CONSIDER RESPONDING WITH MONETARY POLICY IF FX MOVES CAUSE BIG CHANGES IN INFLATION EXPECTATIONS
BOJ'S ADACHI: IF EXCESSIVE YEN FALLS ARE PROLONGED AND EXPECTED TO AFFECT ACHIEVEMENT OF OUR PRICE TARGET, RESPONDING WITH MONETARY POLICY BECOMES AN OPTION
BOJ'S ADACHI: RESPONDING TO SHORT-TERM FX MOVES WITH MONETARY POLICY WOULD AFFECT PRICE STABILITY
BOJ'S ADACHI: IF INTEREST RATE MOVES ARE TOO BIG, THAT WOULD CAUSE DISRUPTIONS IN HOUSEHOLD AND CORPORATE INVESTMENT
ADACHI FROM BOJ: KEEPING REAL RATES NEGATIVE IS IMPORTANT
BOJ'S ADACHI WARNS AGAINST EARLY INTEREST RATE INCREASE
ADACHI FROM BOJ: CERTAINTY OF PRICE TARGET INCREASING
ADACHI CANNOT GUARANTEE MEETING PRICE GOAL
BOJ RELEASES SPEECH BY BOARD MEMBER SEIJI ADACHI
ADACHI EMPHASIZES IMPORTANCE OF MAINTAINING ACCOMMODATIVE FINANCIAL CONDITIONS TO ACHIEVE INFLATION TARGET
JAPAN'S 10-YEAR YIELD INCREASES TO 1.065%, HIGHEST LEVEL IN A DECADE
Japan’s service prices rose at the fastest clip in over 30 years, supporting the case for the BOJ to raise interest rates https://t.co/08rs9qRncE
Bank of Japan Governor Kazuo Ueda and his deputy indicated there is scope for gradually raising interest rates now that the nation has shifted away from an inflation norm of 0% https://t.co/TmDH4VRAFz
🇯🇵 Ueda has said the central bank intends to hike rates to levels considered neutral for the economy, as long as growth and inflation move in line with its projections. Markets are expecting the BOJ to soon embark on a full-fledged tapering of bond purchases, sending the 10-year… https://t.co/lYGZfgYYXF
The Bank of Japan will proceed cautiously with inflation-targeting frameworks, Gov. Kazuo Ueda has said. https://t.co/vOGxBefhfk
Ueda Says BOJ Will Proceed Cautiously with Inflation Targeting Frameworks https://t.co/vbwvVEqrES
Japan's Bank of Japan Governor Ueda announces intention to take cautious approach in upcoming monetary policy decisions. #BOJ #monetarypolicy
Ueda says BOJ will proceed cautiously with inflation targeting frameworks https://t.co/yGsDNJxPJn https://t.co/4aTC9Od2Nf
⚠️ UEDA SAYS BOJ WILL PROCEED CAUTIOUSLY WITH INFLATION TARGETING FRAMEWORKS Full Story → https://t.co/GuGUmc9FEF https://t.co/amlihX4biJ
BOJ GOVERNOR UEDA TO PROCEED CAUTIOUSLY
BOJ GOVERNOR UEDA: RE-ANCHORING INFLATION EXPECTATIONS NECESSARY
The BOJ's basic stance is for long-term interest rates to be set by markets, governor Kazuo Ueda said, offering no strong concern over a rise in the benchmark 10-year government bond yield to a 12-year high. https://t.co/ZYxPYCCk0d
New Bank of Japan Governor Kazuo Ueda indicated that he has no major problem with long-term bond yields rising to the highest level since 2012, saying they should be guided by markets. “Long-term bond yields are determined by financial markets in principle,” Ueda told reporters… https://t.co/ycXFc4KJoG
Bank of Japan Governor Kazuo Ueda indicated that he has no major problem with long-term bond yields rising to the highest level since 2012 https://t.co/g7DvPJoKY4
Bank of Japan Governor Ueda states that bond yields are primarily determined by the market. #finance #BOJ #bondyield
🇯🇵 Comments from Bank of Japan officials BOJ GOVERNOR UEDA: **WON'T COMMENT ON DAY-TO-DAY MOVES IN JAPAN'S LONG-TERM INTEREST RATES BOJ'S UEDA: **OUR BASIC VIEW IS THAT LONG-TERM RATES ARE SET BY MARKETS **JAPAN FINANCE MINISTER SUZUKI: RISE IN JAPAN'S LONG-TERM INTEREST…
BOJ GOVERNOR UEDA TO CLOSELY MONITOR BOND MARKET
BOJ GOVERNOR UEDA: BOND YIELDS DETERMINED BY MARKET IN PRINCIPLE
JAPAN FINANCE MINISTER NOTES MULTIPLE FACTORS CONTRIBUTING TO INCREASE IN YIELDS
Service prices, a key component of Japan’s inflation data, are sustaining momentum, adding to the case for the BOJ to take another step before too long toward policy normalization https://t.co/lcAgdhvUen
Japan's 10-year government bond yield crossed 1% for the first time in 12 years amid increasing expectations of further Bank of Japan policy tightening. https://t.co/4DmE8PLnZC
🇯🇵 #BOJ's Ueda sticks to economic recovery view, keeps alive rate hike chance – Reuters https://t.co/XM8duCBjR0
Japan's inflation slows further, keeping BOJ cautious on rate hikes https://t.co/ciKyk59Dxc https://t.co/rDcrqjJBr8
JAPAN'S 10-YEAR GOVERNMENT BOND YIELD INCREASES TO 1.005%, HIGHEST IN NINE YEARS
10 year Japanese Government Bond yield rises higher, to 1.05%, highest since April 2012 https://t.co/oNcRohTLHe