The Bank of Japan is expected to hike interest rates Friday for the first time since January, pushing them to their highest level in 30 years and potentially exacerbating turmoil in debt markets.
Yields on Japanese government bonds have risen in recent weeks on worries about Prime Minister Sanae Takaichi's budget discipline, while the yen has weakened.
kAmw:896C q@y :?E6C6DE C2E6D >2<6 y2A2?6D6 3@?5D >@C6 2EEC24E:G6 E92? @E96C 2DD6ED[ AFD9:?8 5@H? E96:C AC:46D 3FE D6?5:?8 J:6=5D \\ H9:49 >@G6 :?G6CD6=J \\ 9:896C]k^Am
kAmy2A2?VD 64@?@>J 4@?EC24E65 _]e A6C46?E :? E96 E9:C5 BF2CE6C[ 3FE q@y 8@G6C?@C z2KF@ &652 D2:5 =2DE H66< E92E E96 :>A24E @7 &$ E2C:77D H2D =6DD E92? 762C65]k^Am
kAmQ$@ 72C[ &$ 4@CA@C2E6D 92G6 DH2==@H65 E96 3FC56? @7 E2C:77D H:E9@FE 7F==J A2DD:?8 WE96>X E9C@F89 E@ 4@?DF>6C AC:46D[Q &652 E@=5 E96 u:?2?4:2= %:>6D]k^Am
kAmpE E96 D2>6 E:>6[ :?7=2E:@? 92D 366? 23@G6 E96 q@yVD E2C86E @7 EH@ A6C46?E 7@C D@>6 E:>6[ H:E9 4@C6 4@?DF>6C AC:46D C:D:?8 b]_ A6C46?E :? ~4E@36C]k^Am
kAmQ%96 FC86?4J DE6>D 7C@> A@=:4J>2<6CDV C64@8?:E:@? E92E E96 H:?5@H 7@C 9:<:?8 H:== 4=@D6 @?46 6IE6C?2= 9625H:?5D :?E6?D:7J[Q D2:5 q|x Wu:E49 $@=FE:@?DX :? 2 ?@E6]k^Am
k9am\ #64@C5\9:89 J:6=5D \k^9am
kAm%96 >2;@C:EJ @7 64@?@>:DED A@==65 3J q=@@>36C8 6IA64E E96 q@y E@ C2:D6 :ED >2:? C2E6 7C@> _]d A6C46?E E@ _]fd A6C46?E[ H9:49 H@F=5 36 E96 9:896DE D:?46 `hhd]k^Am
kAm%96 q@y @?=J 3682? C2:D:?8 C2E6D 7C@> 36=@H K6C@ :? |2C49 a_ac] %96 &$ u656C2= #6D6CG6 :D ?@H 8@:?8 :? E96 @E96C 5:C64E:@? 2?5 4FEE:?8 C2E6D]k^Am
kAm%96 q@yVD >@G6 D9@F=5 96=A <66A :?7=2E:@? :? 4964<[ H9:49 H@F=5 36 H6=4@>6 ?6HD E@ %2<2:49:[ y2A2?VD 7:CDE H@>2? AC:>6 >:?:DE6C]k^Am
kAm$96 9@A6D E@ 2G@:5 E96 72E6 @7 96C AC65646DD@C $9:86CF xD9:32[ H9@ DF776C65 2 DEC:?8 @7 6=64E:@? 56324=6D :? A2CE 3642FD6 @7 2?86C @G6C C:D:?8 AC:46D]k^Am
kAm%96 =@H6C 9@FD6 =2DE H66< 2AAC@G65 2? 6IEC2 3F586E H@CE9 `g]b EC:==:@? J6? WS``g 3:==:@?X E@ 7:?2?46 2 >2;@C DE:>F=FD A24<286 E@ 96=A 9@FD69@=5D]k^Am
kAmqFE >@C6 E92? e_ A6C46?E @7 E96 A=2??65 DA6?5:?8 H:== 4@>6 7C@> 8@G6C?>6?E 3@CC@H:?8[ C6<:?5=:?8 >2C<6E 2?I:6EJ 23@FE y2A2?VD 7:D42= 962=E9]k^Am
kAm%96 4@F?ECJ 2=C625J 92D E96 3:886DE C2E:@ @7 563E E@ 8C@DD 5@>6DE:4 AC@5F4E Wvs!X 2>@?8 >2;@C 64@?@>:6D[ H:E9 E96 x?E6C?2E:@?2= |@?6E2CJ uF?5 AC@;64E:?8 :E E@ 9:E aba]f A6C46?E E9:D J62C]k^Am
kAm*:6=5D @? b_\J62C 3@?5 J:6=5D C624965 2 C64@C5 9:89 :? 62C=J s646>36C[ 2?5 `_\J62C J:6=5D =2DE H66< 9:E E96:C 9:896DE =6G6= :? `h J62CD]k^Am
kAmpD H6== 2D AFD9:?8 FA 3@?5 J:6=5D[ H@CC:6D 23@FE %2<2:49:VD QC6DA@?D:3=6 AC@24E:G6 7:D42= A@=:4JQ 92G6 25565 E@ AC6DDFC6 @? E96 J6?[ H9:49 :? EFC? 7F6=D :?7=2E:@? D:?46 y2A2? :D D@ C6=:2?E @? :>A@CED]k^Am
kAmQ%96D6 724E@CD H:== @77D6E E96 67764ED @7 E96 64@?@>:4 DE:>F=FD >62DFC6D 2?5 F?56C>:?6 E96 >65:F>\ E@ =@?8\E6C> DE23:=:EJ @7 E96 64@?@>J 2?5 7:?2?4:2= >2C<6ED[Q D2:5 %2<29:56 z:F49: 2E E96 }@>FC2 #6D62C49 x?DE:EFE6]k^Am
kAmQ%9:D :D E96 4@?EC25:4E:@? 2?5 H62<?6DD @7 E96 %2<2:49: 25>:?:DEC2E:@?VD AC@24E:G6 7:D42= A@=:4J[Q 96 D2:5]k^Am
kAm;F8^DEF^2A9^52?^23Dk^Am
