[Dovish BOJ Member Supports Continued Rate Hikes, Japanese Bond Yields Decline Alongside Global Bond Markets] Jin10 Data, October 7 – On Wednesday, despite dovish Bank of Japan (BOJ) member Ayano Sato expressing her support for phased, multiple rate hikes, Japanese government bond yields still declined, influenced by the general downturn in global bond yields. Sato was one of the two BOJ members who voted against the rate hike in September. Meiji Yasuda portfolio manager Shuichi Ohsaki commented, 'As Japan's political leaders gradually move away from the reflationary policy path, Sato has also adjusted her stance to align with this direction.' Sumitomo Mitsui strategist Katsutoshi Inadome noted that the market finds it difficult to interpret the implications of Sato's remarks. Some may believe Sato is less dovish than previously thought, while others may disagree. He stated, 'Investors are divided on how BOJ rate hikes will impact the market. Theoretically, if the BOJ raises rates, the 10-year government bond yield should rise. However, if rate hikes alleviate concerns that the BOJ is lagging in addressing inflation, yields might actually decline.'