Core Viewpoint - The report by Ataru Okumura from SMBC Nikko Securities indicates that despite the sharp rise in yields prompting increased verbal intervention from Japan, the likelihood of the Bank of Japan increasing its bond purchases remains low [1] Group 1: Monetary Policy and Market Reactions - The Japanese government, both ruling and opposition parties, continue to advocate for tax cuts, which may influence the Bank of Japan's decisions regarding bond purchases [1] - Any increase in bond buying by the Bank of Japan could deepen market perceptions of the central bank's compliance with fiscal policy [1] - Interventions by the Bank of Japan could potentially exacerbate upward pressure on interest rates and lead to a faster depreciation of the yen in the foreign exchange market [1]
SMBC日兴证券：尽管日债收益率飙升 但日本央行可能不会增加购债
Xin Lang Cai Jing·2026-01-21 01:00