JGB futures fall on inflation worries and BOJ hike expectations
Updated
Updated · The Wall Street Journal · May 11
JGB futures fall on inflation worries and BOJ hike expectations
10 articles · Updated · The Wall Street Journal · May 11
Benchmark 10-year contracts slipped 0.05 yen to 129.65, while overnight index swaps priced the chance of a June BOJ rate rise above 70%.
Barclays analysts said rising crude oil prices were fuelling inflation concerns and increasing expectations the Bank of Japan could tighten policy faster.
They also warned of headline-driven volatility this week as US Treasury Secretary Bessent visits Japan for meetings with Prime Minister Takaichi, Finance Minister Katayama and BOJ Governor Ueda.
Can US talks and BOJ rate hikes finally end the yen's historic weakness?
With Japan hiking rates while also cutting taxes, is a policy collision inevitable?
Is Japan's battle against inflation pushing its fragile economy into stagflation?