日本政府正努力寻找途径，为首相高市早苗的预算计划提供资金，且不发行新的赤字国债，这凸显了财政纪律承诺与支出雄心之间的张力。
Japan struggles to fund Takaichi's budget without issuing new deficit bonds Japan's government is struggling to find a way to fund Prime Minister Sanae Takaichi's budget plan without issuing new deficit-financing bonds, highlighting tension between fiscal discipline pledges and spending ambitions. Japan's government is trying to find a way to cover Prime Minister Sanae Takaichi's proposed budget without issuing new deficit-financing bonds. Takaichi pledged fiscal discipline during her election campaign, but her growth-focused spending promises are in tension with that commitment.
日本政府正试图寻找办法，在不发行新的赤字国债的情况下覆盖首相高市早苗提出的预算。高市在竞选期间承诺财政纪律，但她以增长为重点的支出承诺与这一承诺存在张力。
Finance Ministry officials are assessing whether existing revenue sources and savings measures can close the budget gap. The effort to avoid new bond issuance stems from a desire not to further increase Japan's already substantial public debt burden. Market participants say the government's final decision on budget financing could affect bond yields and the yen's value. Analysts say it will become clear in the coming weeks whether the Takaichi administration can keep its fiscal discipline pledge. Read next Yuan hits multi-year peak as PBOC eases curbs before Trump-Xi summit The yuan hit a fresh multi-year peak as China's central bank eased currency curbs ahead of the Trump-Xi summit. OCBC cautioned investors against interpreting the move as the start of a sustained appreciation cycle.
财务省官员正在评估现有收入来源和节约措施能否填补预算缺口。避免发行新债券的努力源于不愿进一步增加日本本已沉重的公共债务负担的意愿。
ECB speeches and interviews move markets as much as policy decisions, study finds A new study finds that speeches and interviews by European Central Bank officials can move markets as much as formal monetary policy decisions. The finding underscores the growing importance of central bank communication. 10-year Treasury yield rockets to 19-year high on Fed rate-hike worry The US 10-year Treasury yield surged to its highest level in 19 years on Wednesday, as fresh services and manufacturing data deepened worry over further Federal Reserve rate hikes. The spike triggered selling pressure across equity markets.
市场参与者表示，政府关于预算融资的最终决定可能影响债券收益率和日元价值。分析师称，在未来几周将会明朗高市政府能否兑现其财政纪律承诺。
Global bond rout deepens as traders price in three Fed hikes A global sell-off in government bonds gathered pace this week as traders increasingly bet the US Federal Reserve will keep raising interest rates. Markets are now pricing in three separate Fed rate hikes in 2027, driven by stronger-than-expected economic data, pushing yields on benchmark bonds toward the 4% mark. RBNZ seeks report on TSB's capital and liquidity calculations before Heartland bid New Zealand's central bank, the RBNZ, has requested a report on TSB Bank's capital and liquidity calculations. The request comes as Heartland Group shareholders prepare to vote on acquiring TSB from its owner, the Toi Foundation.