周四，日本10年期政府债券收益率升至1.45%以上，连续第二天上涨，对贸易谈判的乐观情绪提振了投资者信心。日本官员重申了他们与美国达成“双赢”贸易协议的承诺，但他们没有提供可能让步的细节。与此同时，唐纳德·特朗普总统加大了对东京的压力，称谈判“非常艰难”，并威胁要对日本进口商品征收高达35%的关税，理由是对日本有限购买美国大米和汽车的不满。进一步提振市场情绪的是，美国与越南敲定了一项贸易协议，其中包括对进口商品征收20%的关税，这增加了对更广泛贸易突破的希望。在国内方面，最近的数据显示，第二季度大型制造商的商业情绪出现了意外改善，这表明尽管全球贸易紧张局势加剧，日本工业部门仍具有潜在的弹性。

Japan’s 10-year government bond yield rose above 1.45% on Thursday, marking a second consecutive day of gains as optimism over trade negotiations lifted investor confidence. Japanese officials reiterated their commitment to achieving a “win-win” trade deal with the US, though they provided no details on possible concessions. Meanwhile, President Donald Trump increased pressure on Tokyo, calling the talks “really hard” and threatening to impose tariffs of up to 35% on Japanese imports, citing dissatisfaction with Japan’s limited purchases of American rice and automobiles. Further boosting sentiment, the US finalized a trade agreement with Vietnam that includes a 20% tariff on imports, raising hopes for broader trade breakthroughs. On the domestic front, recent data showed an unexpected improvement in business sentiment among large manufacturers in the second quarter, suggesting underlying resilience in Japan’s industrial sector despite rising global trade tensions.