Jun Ishii
Jun Ishii
alter bank central coming demand economy expect fueled japanese july path policy steady subdued
The Japanese economy is coming back to a path of subdued but steady expansion, fueled by demand at home. We expect the central bank will alter its policy by July at the latest.
banking bet bonds current easing fully japan money notes price reduction
Five-year notes are a better bet as they have priced in a reduction of the money in the banking system. Long bonds have yet to fully price in the probability that the Bank of Japan will end the current easing policy.
bonds cue edge following gains higher
Bonds will probably edge higher following a plunge in U.S. equities and gains in Treasuries. Bonds will take their cue from stocks.
deflation economy economy-and-economics expanding help increasing keeps shows signs sustain
Japan's economy keeps expanding and shows increasing signs that deflation is fading. Expectations for an end to deflation will help sustain growth.
among bonds concern economies japanese lower slow spreading stay yields
Bonds will probably rise. Concern that the U.S. and Japanese economies will slow is spreading among investors. Ten-year yields will stay lower in September.
concern economy edge fuel japanese lower yields
Yields will probably edge lower as a slowdown in the U.S. economy may fuel concern about Japanese exporters.
above high level
We may overshoot above 120, to 122. But I think that's about it. I think we're at the very, very high level of the range.