Masuhisa Kobayashi
Masuhisa Kobayashi
consumer economic ended era favors finally higher increase likely next outlook prices yields
The economic outlook favors higher yields next year. The deflationary era has finally ended and a sustainable increase in consumer prices is likely to get underway soon.
assume bank believe continue ending interest japan rates step takes unwise week zero
If the Bank of Japan takes its first step to end 'quantitative easing' this week ... we believe that it is unwise to assume that the Bank of Japan will continue with zero interest rates for long after ending its policy.
bank exit japan patterns seen various
No one's ever seen anything like this. There can be various patterns to the way the Bank of Japan will exit the policy.
bond concerns inflation percent push rise yields
Inflation concerns are going to push up bond yields. Ten-year yields will rise to 2 percent in the first quarter.
growth promising prospects threshold yields
Japan's growth prospects look more promising and we are on the threshold of an end to deflation. Yields are set to increase.
early easing expected higher markets supportive
The CPI was higher than expected and is supportive for the BOJ. The markets have already discounted an early end to the quantitative easing policy.
acted attention bank central certain face fact focus government market means officials rather resistance
The fact that BOJ acted in the face of resistance from certain government officials and politicians means the market must now focus its attention on the central bank rather than the government.