Thành viên cứng rắn của Ngân hàng Nhật Bản kêu gọi tăng lãi suất nhanh hơn, thị trường chờ đợi mức tăng 25 điểm cơ bản

The Huoxing Finance report states that on September 10, Kazuyuki Masuda, a member of the Bank of Japan’s Monetary Policy Committee, said on Thursday that Japan is no longer in deflation and that the central bank must address the issue of real negative interest rates as soon as possible and further raise policy rates. He warned that if underlying inflation significantly exceeds 2%, the Bank of Japan may be forced to accelerate the pace of rate hikes. The market currently expects the Bank of Japan to raise rates by 25 basis points to 1.25% at its next policy meeting next week. Some traders even speculate that the central bank may signal another rate hike in October. U.S. Treasury Secretary Bessent previously stated he was “quite familiar” with the Bank of Japan’s next move, further reinforcing market expectations of a Japanese rate hike. Meanwhile, the yen has rebounded from a low near 164 in July to around 153.5, reaching a six-month high. Stefan Angrick, Moody’s Asia-Pacific Head of Economics, believes Masuda’s hawkish remarks are another signal of the Bank of Japan’s path toward rate hikes and expects the central bank may eventually increase the frequency of rate hikes to every three months. In the bond market, Japan’s 10-year government bond yield has surpassed 3%, hitting a roughly 30-year high, indicating that markets are rapidly reassessing the asset pricing implications of Japan’s monetary policy normalization.