Japan's pulse centers on the bond market, where short-term yields sit near multi-decade highs as traders lean into further central bank tightening, and a strong two-year debt aucti
Japan's pulse centers on the bond market, where short-term yields sit near multi-decade highs as traders lean into further central bank tightening, and a strong two-year debt auction suggests demand is holding up despite the higher yields. The government is signaling readiness to respond quickly to any sharp market swings, a nod to the volatility the tightening path could bring. Meanwhile, factory output unexpectedly slipped in August, adding a soft patch to the economic backdrop as policy shifts continue.
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