周四,日本10年期政府债券收益率升至1.68%,回落至17年来的高点,因为稳定的工资增长增强了人们对日本央行将保持紧缩立场的预期。9月份名义工资增长1.9%,高于8月份的1.5%,这得益于稳定的基本工资和适度的加班增长。然而,工资涨幅继续落后于消费者价格指数3.4%的涨幅,导致实际工资下降1.4%,这是连续第九个月下降。日本央行行长上田和夫表示,在央行上周保持政策不变后,2026年的工资前景对于决定何时恢复紧缩政策至关重要。与此同时,最新的10年期日本国债拍卖吸引了2.97倍的出价,反映了自5月以来的最低需求。
Japan’s 10-year government bond yield rose to 1.68% on Thursday, moving back toward 17-year highs as steady wage growth strengthened expectations that the Bank of Japan will maintain its tightening stance. Nominal wages increased 1.9% in September, up from a 1.5% gain in August, supported by stable base pay and modest overtime growth. However, wage gains continued to lag behind the 3.4% rise in consumer prices, leading to a 1.4% decline in real wages and marking the ninth straight month of decreases. BOJ Governor Kazuo Ueda said the 2026 wage outlook will be crucial in determining when to resume tightening after the central bank kept policy unchanged last week. Meanwhile, the latest 10-year JGB auction attracted bids 2.97 times the amount offered, reflecting the weakest demand since May.