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Japan Tracks Developing Typhoon as BOJ Caution Lifts Yields and LDP Faces Funding Questions

BOJ focus on wage pass‑through is shaping rate expectations.

Overview

  • Japan’s meteorological agency said a tropical depression east of the Philippines is expected to strengthen into a typhoon within about 24 hours.
  • BOJ Governor Kazuo Ueda said monetary policy will be judged after carefully examining the effects of wage increases, and the 10‑year JGB yield briefly reached 1.670%, the highest since July 2008.
  • The ruling Liberal Democratic Party donated ¥650 million to the Japanese Red Cross, with Secretary‑General Moriyama saying the funds included contributions to party headquarters from dissolved factions and lawmakers whose names were not listed.
  • A car overturned in Nabari, Mie Prefecture, killing five people, according to Jiji Press, with authorities investigating the circumstances.
  • The White House press secretary said very sensitive consultations are underway on a Gaza plan, indicating possible talks over conditions with Hamas.