Institutions: Japanese government bonds remain weak after the Bank of Japan's interest rate hike decision, and may hike again this year.

After the Bank of Japan decided to raise interest rates, Japanese government bonds remained weak in terms of price. Masahiko Loo, from Daiwa Investment Management, commented, "Despite the absence of Ueda Kazuo, the 7-1 vote result highlights the strong momentum behind normalization, with the inflation camp clearly in the minority." The senior fixed income strategist said, "The focus is now on Shinichi Uchida's press conference, with a slightly tightening tone and any hints of an early rate hike in the September/October window will be closely watched, although this is a low-probability outcome." Daiwa Investment Management expects the Bank of Japan to raise interest rates at least once again this year. The two-year Japanese government bond yield rose by 1.5 basis points to 1.410%, and the 10-year yield rose by 5 basis points to 2.625%.