---
title: Japan | Yen Gains With Bank Stocks as Wages, BOJ Remarks Boost Hike Bets – Bloomberg
description: "The yen climbed to a one-month high and Japanese bank shares rose after wage data and a Bank of Japan board member’s remarks bolstered speculation the authority will raise interest rates this month.\nJapanese government bonds extended their drop as data from an auction of 30-year debt indicated weak investor demand for long-maturity securities ahead of the expected BOJ shift. Policy-sensitive two-year notes also fell, with their yield climbing to 0.195%, the highest level since 2011."
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [Japan | Yen Gains With Bank Stocks as Wages, BOJ Remarks Boost Hike Bets – Bloomberg](https://blog.syzgroup.com/syz-the-moment/japan-yen-gains-with-bank-stocks-as-wages-boj-remarks-boost-hike-bets-bloomberg)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Mar 7, 2024, 1:10:55 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/japan-yen-gains-with-bank-stocks-as-wages-boj-remarks-boost-hike-bets-bloomberg)

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