来源：热点解码局 嗯，用户问的是日本加息有什么影响。这个问题挺热的，看了好多搜索结果，发现讨论主要集中在几个 方面。 先看日本为什么突然加息。日本通胀都连续44个月超过2%的目标了，11月核心CPI涨到3%。物价涨得 太猛，特别是吃的，米价涨了37%，老百姓受不了。还有个重要原因是工资涨了，2025年"春斗"工资谈 判平均涨了5.37%-5.46%，丰田这些大企业带头加薪，形成了物价和工资互相推着涨的循环。 再说对全球的影响。最常提到的是"日元套利交易"，因为日本长期低利率，全球投资者借日元去买美 债、美股等高收益资产，规模大概有1.5万亿美元。现在日本加息，借钱成本高了，有些人就得卖掉海 外资产换回日元还债。不过这次影响好像不大，因为市场早有预期，提前消化了。而且美联储在降息， 抵消了一部分压力。 对中国的影响，大家看法不太一样。A股好像没受太大影响，12月19日加息当天还有4000多只股票上 涨。可能因为A股外资占比小，就3-4%。不过有些企业会受影响，比如从日本进口精密仪器、半导体材 料的，成本可能上升；但中国的汽车、电子产品出口反而可能受益，因为日元升值削弱了日本产品的竞 争力。 日本自己问题也不小。 ...

Global Asset Price Performance - The US dollar assets have strengthened, with mixed performance in global stock markets; US stocks rose while European and Japanese markets generally declined. The S&P 500, Dow Jones, and Nasdaq indices increased by 0.6%, 0.2%, and 1.2% respectively [2] - The 10-year US Treasury yield continued to decline by 6 basis points, likely due to weak employment data reinforcing rate cut expectations [2] - Oil prices fell, with WTI and Brent crude down by 1% and 0.6% respectively, while London gold prices increased by 3% [2] - The US dollar index rose by 0.5% [2] Major Central Bank Monetary Policies - Employment data has catalyzed rate cut expectations; Federal Reserve Governor Waller reiterated the call for a rate cut in the next meeting. Following the August non-farm payroll data, the probability of a 50 basis point cut in September rose to 12%, with an expected average of 2.8 cuts by year-end [4] - In Japan, the Ministry of Health, Labour and Welfare announced a 6.3% increase in the minimum wage for the fiscal year, supporting the "wage-price loop" and providing backing for continued rate hikes by the Bank of Japan [4] US Economic Dynamics - Employment data showed weakness, with the unemployment rate rising to 4.3%, the highest since the end of 2021. The increase was attributed to more unemployed individuals re-entering the job market, while the U6 unemployment rate also rose by 0.2 percentage points [8] - The ADP reported that new job additions in August fell to 54,000, and initial jobless claims reached a six-month high, indicating a cooling labor market and reinforcing expectations for a rate cut by the Federal Reserve [8] - Tariffs are beginning to impact consumer spending, with the Fed's Beige Book indicating stagnant economic activity across most regions, and many households experiencing wage growth that has not kept pace with rising prices [9] Other Regional Economic Dynamics - In Europe, long-term bond yields have significantly increased, with the Eurozone CPI growth rate at 2.1% and the unemployment rate steady at 6.2%. Concerns over government debt have risen due to increased fiscal spending in response to geopolitical and economic recovery challenges [19] - In the UK, the 30-year government bond yield surpassed 5.7%, the highest since 1998, while France's 30-year bond yield exceeded 4.5% [19] - Japan's manufacturing sector remains under pressure, with the manufacturing PMI at 49.7%, indicating contraction, despite nominal wage growth reaching 4.1% in July [19]

新的工资标准适用于大约300万名劳动者，将从10月开始逐步生效。随着雇主将上涨的成本转嫁给消费 者，此次加薪可能推动物价进一步上涨。但与此同时，这也将让劳动者拥有更多可支配收入，从而强化 日本央行长期追求的需求拉动型通胀循环。 （文章来源：新华财经） 新华财经北京9月5日电日本厚生劳动省周五表示，在本财政年度，全国各都道府县将把最低工资平均提 高66日元每小时。这是自1978年有记录以来的最大增幅。 据计算，日本最低时薪将达到创纪录的1121日元（约合7.56美元），这一举措强化了该国的工资-物价 循环，并为日本央行继续加息提供支持。 ...