日本央行加息但政策路径仍不明朗 10年期日债收益率升破2%、日元下挫

Core Viewpoint - Japan's 10-year government bond yield has reached its highest level since 1999, indicating significant changes in the financial market despite the Bank of Japan's recent interest rate hike [1] Group 1: Interest Rate Changes - The Bank of Japan raised interest rates by 25 basis points to 0.75%, aligning with economists' expectations [1] - There is uncertainty regarding the future path of monetary policy, leading to disappointment among traders about the lack of clear guidance on when further tightening may occur [1] Group 2: Currency and Bond Market Reactions - The USD/JPY exchange rate increased by 0.9%, reaching 156.89, the highest level since December 10 [1] - The 10-year Japanese government bond yield has surpassed 2%, marking a significant milestone in the normalization process of Japan's financial market [1] - Currently, the yield is higher than that of China's equivalent bonds but remains about half of the yield in the United States [1]