DoubleLine Paper: Honebuto Shock: Japan Courts a Truss-Like Redux
Yen, JGB Likely Supported in Near-Term by Katayama's Remarks -- Market Talk
Japan Wants GPIF to Boost Domestic Investments
Yen Weakness, Rising JGB Yields Could Spur Global Volatility -- Market Talk
Japan’s 'Shunto' wage increases have exceeded 5% for the third consecutive year, bolstering the Bank of Japan’s case for raising interest rates.
Final data from Japan's 'Shunto' wage negotiations show that average corporate wage increases reached 5.01%, marking the first time since 1989 that wage hikes have exceeded 5% for three consecutive years. This reinforces the Bank of Japan's assessment of a virtuous cycle between wages and prices, providing critical support for continuing monetary policy normalization. Market expectations now place the probability of an interest rate hike by December at 93%.
Bit of Volatility Could Be Good for Yen -- Market Talk