Treasury yields rose further on Monday, with 10-year yields above 2.5% at a three-year high, boosting the dollar's index to a two-week high
Asian shares faltered and oil prices slid on Monday as a coronavirus lockdown in Shanghai hit economic activity, while the yen extended its stomach-churning descent
Japan's 10-year bond yields tracked US Treasury peers higher on Wednesday, extending gains to hover near a level that prompted the Bank of Japan to step in
Bank of Japan maintained its huge stimulus and warned of growth risks from Ukraine crisis, reinforcing expectations it will remain an outlier in global shift towards tighter monetary policy
US stock futures indicated a slightly lower restart, but followed a 2.2% surge for the S&P 500 overnight
Analysts attributed the revival of risk appetite to the fact that Russian and Ukrainian negotiators hinted at progress in peace talks
While many analysts forecast Japan's consumer inflation will accelerate in coming months, price rises are still seen modest compared to those in other economies such as the United States
'Consumer inflation will pick up from next month onward on higher food and energy prices,' said Taro Saito, executive research fellow at NLI Research Institute
Any such change won't lead to an immediate policy tightening and would mark only a subtle shift in the nine-member board, which has consistently voted to keep policy ultra-loose
Suzuki said the recent rise in prices was driven mostly by higher global fuel costs, rather than any increase in import prices from a weak yen
The BOJ said last week it would buy an unlimited amount of 10-year government bonds at 0.25% to prevent rising global yields from pushing up domestic borrowing costs too much
Speculation the BOJ could change the target of its yield-curve-control to the five-year note from the 10-year has also pushed the five-year JGB yield to a six-year high and above zero
The BOJ has been under fire from some lawmakers for the rising cost and diminishing return of its prolonged ultra-easy policy
Japan's core consumer prices rose 0.5% in December from a year earlier, increasing for a second month in a row at the fastest pace in nearly two years
Japan's benchmark 10-year bond yields fell on Wednesday, after the Bank of Japan kept its interest rate targets unchanged
But with inflation set to remain below its 2% target in the coming years, the BOJ stressed its resolve to maintain its ultra-loose monetary policy
The yen edged higher ahead of the outcome of a central bank policy meeting, while the dollar seemingly ignored US Treasury yields
Japanese manufacturers turned less positive about their business conditions in January, a survey showed
The survey, which was conducted between Nov. 5 and Dec. 1, also showed more households expect prices to rise five years from now compared with the previous survey in September.
In a widely expected move, the BOJ on Friday maintained its short-term rate target at -0.1% and that for 10-year bond yields around 0%.