Japanese black swan flew into the global market, analysts said: it is rumored that the Federal Reserve will not cut interest rates in the first half of next year, and the yield of Japanese government bonds continues to rise.

Analysts believe that, on one hand, the news that the Federal Reserve may not cut interest rates in the first half of next year is a factor, while on the other hand, it is related to Japanese government bonds. Due to investors weighing the impact of Prime Minister Naoto Kan's potential introduction of a large-scale fiscal stimulus plan, the yield on Japan's 10-year government bonds has risen to over 1.75%, close to its highest level since 2008. This could have a significant impact on global liquidity.