TechFlow news — On February 7, according to Jinshi News, most Japanese government bonds declined in early trading due to expectations of further rate hikes by the Bank of Japan. Economic data released this morning showed that real household spending in Japan rose 2.7% year-on-year in December, surpassing market expectations. This data could strengthen the case for another interest rate increase by the Bank of Japan. Toshiki Tamura, a hawkish member of the BOJ's Policy Board, called on Thursday for a possible acceleration in the pace of rate hikes. The yield on two-year Japanese government bonds, which is sensitive to monetary policy expectations, rose two basis points to 0.80%, reaching its highest intraday level since October 2008.
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