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Ito said the BOJ's decision to raise the de-facto ceiling to 1.0% from 0.5% was made at the right time and reflected the bank's hopes of avoiding being forced to ramp up bond purchases.
Soon after the announcement by the RBI, yield on the 10-year benchmark government bond started rising. In the morning trade it rose 7-8 basis points and later, in the afternoon trade, it rose by 15 bps.
Data for August was also revised higher to show 227,000 U.S. jobs added instead of the previously reported 187,000
The 10-year benchmark bond yield was at 7.2442% as of 10:00 a.m. IST after hitting 7.2612%, its highest since April 18, earlier in the session. The bond closed the previous session at 7.2327%.
August job openings reached 9.6 million, surpassing the expected 8.8 million, reigniting concerns about a tight labour market. Investors’ attention will be on the September ADP and ISM services data