Core Insights - Demand for Japan's 5-year government bond auction was weaker than the average level over the past 12 months, with a bid-to-cover ratio of 3.08 compared to 3.17 in December and a 12-month average of 3.54 [1][2] - The yield on the 5-year government bond has risen to 1.615%, the highest level since its first issuance in 2000, following reports of potential early elections by the Prime Minister [1] - The Japanese yen and government bonds both declined, indicating a resurgence of "high market trading" amid increasing political risks [1] Financial Risks - Investors are closely monitoring fiscal risks, as the dissolution of the House of Representatives could solidify the ruling Liberal Democratic Party's position and pave the way for more stimulus measures [2] - The exchange rate of the yen against the US dollar has fallen to its lowest level since July 2024, raising the possibility of an earlier interest rate hike by the Bank of Japan [2]
日本5年期国债标售吸引的需求弱于12个月均值 政治风险抑制投资者情绪
Xin Lang Cai Jing·2026-01-14 04:32