Japan Update

LOCKED Japan Update: China Imposes Export Restrictions on “Dual Use” Materials Including Rare Earths

  • China Imposes Export Restrictions on “Dual Use” Materials Including Rare Earths
  • Major Companies Expect to Boost Wages by More Than 5%
  • 10-Year JGB Auction Smooth as MoF Boosts Coupon
  • Is Strong USDJPY Forcing Japanese Long Rates Higher?
  • July-September 2025 GDP Gap Shrinks
  • Japan at Full Employment for 59 Months, Exceeding 1980s Bubble
  • Young NISA Investors Push Top S&P 500 Fund AUM Over ¥10 Trillion
  • 10-Year JGB Yield Tops Dividend Yield for First Time Since 2008
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LOCKED Japan Update: BoJ Hints at Faster Pace of Rate Hikes

  • BoJ Hints at Faster Pace of Rate Hikes
  • FY 2026 Budget Set at ¥122.3 Trillion, JGB Issuance Down
  • Takaichi Cabinet Approval Rating 75%
  • JGB Yields Sharply Higher as Equities Rally
  • USDJPY Trades at 157 as NISA Accounts Buy US Equities
  • Department Stores Report Slower Duty-Free Sales in December
  • Record Price Paid at First Tuna Auction of 2026

 

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LOCKED Japan Update: BoJ Expected to Continue Rate Hikes in 2026

  • BoJ Expected to Continue Rate Hikes in 2026
  • November Tourist Arrivals Up 10.4%, Growth in Chinese Arrivals Slows
  • October Machinery Orders Up 7.0%
  • November Exports to US Rebound
  • ¥18.3 Trillion Supplementary Budget Passes
  • 10-Year JGB Yield Hits New Cycle High
  • Government Considers Ending Road Tax Subsidy for Electric Vehicles
  • Honda Motor (7267) Japan, China Production Halted by Chip Shortage
  • Toray (3402) to Raise Carbon Fiber Prices by 10% to 20%
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LOCKED Japan Update: Nikkei Confirms BoJ Rate Hike Next Week

  • Nikkei Confirms BoJ Rate Hike Next Week
  • Impact of US Tariffs on Japanese Corporate Earnings Less Than Expected
  • Corporate Tax Incentives for Wage Hikes to be Eliminated for All but Small Companies
  • Government Considers Minimum Tax for Incomes Over ¥100 Million
  • November Central Tokyo Office Vacancy Rate Drops to 2.44%
  • Nippon Steel (5401) Boosts Capital Spending as China Acts to Curb Steel Dumping
  • 2025 Rice Harvest Up 10% 

 

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LOCKED Japan Update: LDP Proposes Plan to Boost Capital Investment

  • LDP Proposes Plan to Boost Capital Investment
  • November Corporate Price Index Up 2.7%
  • With Rate Hike in December a Given, Next Hike Likely in July 2026
  • 2-Year JGB Yield Hits 1.075%
  • JGB Expense Could Double If Forecast Rate Rises to 2.5%
  • Canon (7751), Dai Nippon Printing (7912) Testing Cheaper Chip Making Process
  • Nippon Paper (3862) to Raise Packaging Prices by 10%
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