瑞士宝盛：日本央行加息仍落后形势 目前仍难以看多日本国债

Core Viewpoint - Concerns remain regarding the Bank of Japan's (BOJ) potential lag in addressing interest rate hikes, making it difficult to adopt a bullish stance on Japanese government bonds [1] Group 1: Market Analysis - Magdalene Teo, a fixed income analyst at Swiss Bank, highlights ongoing market worries about the BOJ's response to interest rate changes [1] - Despite multiple rate hikes by the BOJ, Japan's real interest rates remain negative, with the core Consumer Price Index (CPI) at approximately 3% [1] Group 2: Central Bank Insights - Recent minutes from the BOJ's meetings indicate that some members have expressed concerns about the risks of falling behind the curve in monetary policy [1] - The shift in the overseas environment from monetary easing to potential rate hikes this year is a significant factor influencing the BOJ's policy considerations [1]