Japan economy minister says specific monetary policy is up to the BOJ to decide

Japan's economy minister emphasizes that monetary policy decisions are the responsibility of the BOJ, hoping for appropriate guidance to achieve a 2% inflation target. The government aims for stable market movements and will monitor them closely. Despite pressure, BOJ's Ueda seems firm on his stance regarding rate hikes. USD/JPY has stabilized after earlier fluctuations.

Japan's Nikkei loses ground as investor focus shifts to BOJ, Fed meetings

Japan's Nikkei 225 Index fell 1% to 50,491.87, influenced by rising domestic interest rate expectations and an 18-year peak in Japanese government bond yields. Investors are focused on upcoming BOJ and Fed meetings, with speculation of a BOJ rate hike and high odds of a Fed rate cut. Major decliners included Trend Micro and Bridgestone, while Ibiden and SoftBank Group were among the gainers.

Recap: Japan household spending drops sharply, adding pressure ahead of BOJ rate decision

Japan's household spending dropped sharply in October, falling 3.0% year-on-year, raising concerns about consumer demand resilience. This decline comes as the Bank of Japan considers a rate hike amid persistent inflation and a weak yen. The spending weakness was noted in food, leisure, and auto-related areas, but overall demand is still in a recovery stage. Economists caution that soft consumption may limit the pace of rate tightening beyond December.

The Nikkei 225 index opened down 0.9%, and the Seoul Composite Index opened down 0.1%

The Rise In Japanese Bonds Is Starting To Pressure The Global Bond Market

Japanese bond yields have risen, reaching highs not seen in over a decade, due to the Bank of Japan's policy shift. The BoJ ended its Yield Curve Control, allowing market forces to set long-term rates, and raised its policy rate for the first time in 17 years. This change pressures global bond markets, potentially leading to higher yields and affecting international investments.