Group 1 - The Bank of Japan raised interest rates by 25 basis points, bringing the uncollateralized overnight call rate to 0.75%, the highest level since 1995 [1] - The decision was made unanimously with a 9-0 vote and aligns with market expectations, indicating a continued moderate rise in wages and prices [1] - Despite the nominal rate increase, the central bank expects real interest rates to remain significantly negative, maintaining a loose financial environment to support economic activity [1] Group 2 - The Japanese stock market reacted positively to the rate hike, with the Nikkei 225 index rising over 1%, while the yield on 10-year government bonds reached 2% for the first time since 2006 [1] - Analysts predict that if the 10-year bond yield rises to 2.5%, the government's interest expenses could exceed 16.1 trillion yen by fiscal year 2028, more than doubling from fiscal year 2024 [1] - The interest rate hike is expected to narrow the interest rate differential between Japan and the U.S., potentially leading to short-term selling of U.S. Treasuries as investors exchange yen for dollars [2]
日本央行加息25个基点 符合市场预期
Sou Hu Cai Jing·2025-12-19 05:41