[Julius Baer: Bank of Japan's Rate Hikes Still Lagging Behind, Difficult to Turn Bullish on Japanese Government Bonds for Now] Jin10 News, January 6 – Magdalene Teo, fixed income analyst for Asian markets at Julius Baer, pointed out that due to ongoing market concerns about the Bank of Japan lagging behind in terms of rate hikes, it is still difficult to turn bullish on Japanese government bonds for now. Although the Bank of Japan has raised rates multiple times, Japan's real interest rate remains negative against the backdrop of a core CPI annual rate of approximately 3%. Teo also mentioned that, according to the minutes of the Bank of Japan's most recent meeting, some committee members emphasized the risk of the central bank falling behind the curve, citing the possibility of the global environment shifting from monetary easing to rate hikes this year.