日本再现债汇双杀

Core Viewpoint - Japan is experiencing a "double whammy" of falling bond prices and a depreciating yen following Prime Minister Sanna Takashi's decision to dissolve the House of Representatives and call for early elections, raising concerns about the country's fiscal situation [1] Group 1: Market Reactions - On the Tokyo bond market, investors sold off long-term Japanese government bonds, causing a sharp rise in yields, with the new 10-year government bond yield reaching 2.16%, the highest since February 1999 [1] - The yen depreciated significantly against the dollar, dropping to 158.97 yen per dollar, compared to around 147 yen per dollar in early October last year [1] Group 2: Political Implications - There are growing concerns that if the ruling Liberal Democratic Party wins the upcoming elections, it will further support Takashi's expansionary fiscal policies, exacerbating fiscal risks [1] - The current situation has led to heightened market vigilance regarding the dissolution of the House of Representatives and its potential impact on Japan's fiscal health [1]