October's rate hike signal strengthens! The dovish officials of the Bank of Japan "switch sides", causing the yen and Japanese bond yields to rise.

According to the Zhitong Finance APP, a dovish member of the Bank of Japan's Policy Board has pointed out that the demand for a rate hike is increasing, indicating that officials' support for taking action is expanding. However, he also emphasized in his remarks the fact that overseas risks still exist. According to the speech content released by the Bank of Japan, Asahi Noguchi stated on Monday in Hokkaido: "Various economic indicators in Japan show that progress is steadily being made towards achieving the 2% price stability target. This indicates that the need to adjust policy rates is more urgent than ever before."