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U.S. 10Y 4.42%, Euro area 3.14% rise. FRB and ECB balance sheets expand (FRB +0.64%, ECB +0.87%). U.S. M2 growth accelerates to 6.5%.

March unemployment rose 0.2 pts to 2.8%, the highest since Apr 2024, signaling easing labour market conditions. Analysis of corporate hiring stance and outlook.

With the call rate on hold, core CPI slowed to 1.6% while USD/JPY reached 158.6; MB YoY -11.6% and CGPI rose—implications for policy analyzed.

BOJ total assets fell to ¥662.1tr. JGS down ¥15.8tr month-on-month; annual QT pace reached -¥45.1tr. Quantitative analysis of balance sheet structural change ahead of April buy halving.

Feb 2026 unemployment 2.6% (unchanged); job-to-applicant ratio 1.18; nominal wage index 113.8. CPI slowdown improves real purchasing power.

JGB 10y at 2.366%, real rate 1.066% as financial repression unwinds. Bear steepening raises fiscal cost risks ahead of expected PB surplus.

BOJ's March monetary base was ¥570.8 trillion, down 1.7% MoM and 11.6% YoY. Call rate steady at 0.728%. Flash analysis of tightening and market/firm responses.

US 2Y +40bp to 3.82%, Euro AAA 2Y to 2.60%. ECB balance sheet shrinks while US M2 growth slows—cross-region liquidity split analyzed.

BOJ total assets ¥683.8 trillion, JGS holdings ¥546.7 trillion; annual QT pace ¥41.8 trillion. Current account balances fell to ¥461.1 trillion (67.4%), signaling shifting liquidity structure.

With call rate at 0.728%, core CPI slowed to 2.0% while the monetary base fell -9.5% YoY; a multi-channel analysis of transmission and structural implications.

With the call rate at 0.728%, CPI slowed to 1.3%. Analysis of core inflation, CGPI, FX, and monetary base (YoY -10.6%) highlights a structural policy turning point.

February CPI: headline 1.3%, core 1.6%, core‑core 2.5%; BOJ trimmed mean 2.2% signals weaker underlying inflation and eased pass‑through.