Akihiko Yokoyama
Akihiko Yokoyama
current external less recovery
The current recovery relies less on external demand.
believes
Everyone believes the BOJ is going to be delayed.
bonds buying change grind hold investors monetary prepare yields
Investors should prepare for a change in monetary policy. Hold off buying 10-year bonds as yields are going to grind higher.
attractive auction buying economic policy reached recovery reflect shift yields
Yields reached an attractive level, so some buying may come through, especially after the auction went well. Yields already reflect speculation about an economic recovery and a policy shift to some extent.