日本2年期国债 (Japan2Y) 加自选

日本央行准备再次加息，但在时机上放手。日本央行本周为恢复加息奠定了基础，首次明确指出持续的食品价格上涨会引发广泛的通货膨胀。

BOJ gears up to hike rates again but leaves free hand on timing.The Bank of Japan laid the groundwork this week for resuming interest rate hikes by spelling out explicitly for the first time the risks that persistent food price rises fan broad-based inflation.

日经225指数周五下跌0.66%，收于40800点，使其周跌幅达到1.58%，因为科技股面临巨大压力。东京电子股价下跌18%，此前由于逻辑芯片制造商的需求疲软，该公司下调了全年利润前景。损失遍及整个行业，Lasertec（-5.8%）、日立（-8.8%），Socionext（-4.1%）、迪斯科（-3.6%）和Advantest（-1.3%）均呈下降趋势。美国总统唐纳德·特朗普重申了10%的全球关税，并对没有贸易协议的国家征收高达41%的互惠关税，加剧了对供应链中断的担忧，贸易紧张局势再次加剧，进一步削弱了市场情绪。日本股市也追随美国期货的疲软，受亚马逊在令人失望的指引后数小时大幅下跌的拖累。

The Nikkei 225 dropped 0.66% to close at 40,800 on Friday, bringing its weekly loss to 1.58%, as tech stocks came under heavy pressure. Tokyo Electron sank 18% after slashing its full-year profit outlook due to weak demand from logic chipmakers. Losses spread across the sector, with Lasertec (-5.8%), Hitachi (-8.8%), Socionext (-4.1%), Disco (-3.6%), and Advantest (-1.3%) all declining. Sentiment was further dented by renewed trade tensions after US President Donald Trump reaffirmed a 10% global tariff and imposed reciprocal duties of up to 41% on countries without trade deals, heightening fears of supply chain disruptions. Japanese shares also tracked weakness in US futures, weighed down by Amazon’s sharp after-hours drop following disappointing guidance.

在东京，日经225指数周五下跌275点，跌幅0.67%。跌幅最大的是东京电子（-17.38%）、日本化药（-4.88%）和东陶（-3.98%）。涨幅最大的是富士电机（14.76%）、NGK绝缘子（7.59%）和柯尼卡美能达（7.52%）。

In Tokyo, the Nikkei 225 Index fell 275 points or 0.67 percent on Friday. Leading the losses are Tokyo Electron (-17.38%), Nippon Kayaku (-4.88%) and Toto (-3.98%). Top gainers were Fuji Electric (14.76%), NGK Insulators (7.59%) and Konica Minolta (7.52%).

日本首相石破慎太郎表示将继续要求美国降低汽车关税。他仍然坚持不辞职，但在执政党自民党选举后的会议上，他确实面临着巨大的压力。目前，他留任，但这可能是他目前能得到的最好的协议，除非他提出更多的妥协。

Japan prime minister Ishiba says continuing to ask US to lower auto tariffs.He remains defiant that he won't be resigning but there was definitely intense pressure during the ruling party LDP's post-election meeting for him to do so. For now, he stays on but this might just be the best deal that he can get for now unless he offers up more of a compromise.