Makoto Yamashita
Makoto Yamashita
auction consumer focus heavy market policy pressure prices rise schedule shift timing top
On top of a heavy auction schedule in January, if a rise in consumer prices is confirmed, the market will shift its focus to the approaching timing of a BOJ policy shift and keep up pressure especially on the shorter maturities.
lack supply support
Support from a lack of new supply will be short-lived.
bonds economy economy-and-economics hard recovering rise trend
Bonds will find it hard to rise today. The fundamental trend that the economy is recovering has not changed.
bonds consumer core prices rally unlikely
We're unlikely to see a rally in medium-term bonds with core consumer prices edging up.