boj speech, 2025-05-22
Yields on 10-year JGBs surged to nearly 1.6 percent in March 2025, but I personally believe that this rise -- albeit rapid -- cannot be regarded as disruptive, as it seems to have mainly reflected expectations among market participants of a higher terminal policy rate, given Japan's higher-than-expected economic growth and upswings in prices.
Sentiment: neutral
Topic: mp_interest_rate