06:33 AM EST, 12/02/2024 (MT Newswires) -- Japanese government Bond yields were higher again early Monday, with the two-year yield up another few basis points to touch its highest level since 2008 --63bps -- after Bank of Japan Governor Kazuo Ueda commented in a Nikkei interview that rate hikes "are nearing in the sense that economic data are on track," noted Daiwa Capital Markets.

Looking ahead, the Japanese data highlights this week will be October's wage and household spending releases on Thursday, at 6:30 p.m. ET, stated the bank.

Average earnings growth is expected to be little changed from 2.5% year over year, with scheduled earnings of full-timers expected to be a touch firmer at 3.0% year over year, added Daiwa.