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A Little More On The Out Of Hours JGB Move


A little more re: the post-Tokyo JGB futures weakening. We also note wire headlines flagged that Japan’s largest labour union (Rengo) plans to ask for a wage hike of over 5% in the Spring ’24 negotiations.

  • While the move on BBG’s BoJ sources piece covering inflation projections was larger, the Rengo story applied some cheapening pressure to JGB futures earlier in the session, providing a (potentially) hawkish news combination for markets to digest.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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