The jump in yields today followed stronger-than-expected inflation data:
Japan's Core Inflation Hits 19-Month High, Strengthening Expectations for BOJ Rate HikesJapan January Core CPI 3.2% y/y vs. 3.1% expectedICYMI former BOJ Sakurai hawkish comments: Could be a May hike, sees 1.5% by end FY 2026
Kato refrained from speculating on the cause of the yield increase, while BOJ Governor Kazuo Ueda said he did not discuss it with Prime Minister Shigeru Ishiba during their recent meeting.
Fin Min Kato
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