美国两年期国债收益率升至4.2297%，为2025年2月以来最高水平。

A lone dissent at the Bank of Japan’s latest rate decision signals a narrowing window for policy normalization. The dissent came from new member Asada—Takaichi’s first policy board appointee—who, attending only his second meeting, opposed lifting the benchmark rate to levels not seen since 1995 and signalled clear support for looser policy. Sanae Takaichi plans to appoint another pro-reflation board member this month to replace Junko Nakagawa at the end of her term, and two other firmly hawkish members face expiry in about a year, giving her scope to reshape the nine‑member policy board and shift its overall tilt under Governor Kazuo Ueda.

Japanese Prime Minister Takaichi said she accepts the Bank of Japan’s recent rate hike and reiterated the need for close government–BoJ coordination on monetary policy. She said the government expects the central bank to act in line with economic, price and financial developments to sustainably achieve a 2% price-stability target. May nationwide CPI rose 1.4% YoY, partly held down by state aid capping energy costs. Takaichi’s administration has prepared a supplementary budget to cushion households from the Middle East shock in coming months. The BoJ expects conflict-driven higher energy prices to add notable upside to inflation, lifting economists’ odds of another BoJ hike this year, possibly as early as September.