Norihisa Takao
Norihisa Takao
bets debt people raising rates shift time
People are snapping up medium-term debt on bets the BOJ will take its time raising rates after a shift in policy.
april bank central raise rates starting until year
The central bank won't raise rates until the year starting April 2007.
couple decline drop months past stocks taking weight
The drop in stocks is taking the weight off bonds. The decline of the past couple of months has been overdone.
bank bets increases japan level likely locking market profits rate reduction thinking traders yield
Some traders are locking in profits from their bets on a reduction in the yield difference. They may be thinking that the market has already priced in the likely level of Bank of Japan rate increases this year.
bonds changing close economy government next opposition policy quarter reflect second signs trim weak year yields
Yields are close to their highs, and so bonds look attractive. Yields already reflect speculation that an end to the policy will come in the second quarter of next year at the earliest. Any signs of a weak economy or government opposition to changing policy may trim those bets.
bonds consumer increase reason sell
We've already anticipated the increase in consumer prices. It is not a reason to sell bonds any more.