All into Account: ‘View on Japan ahead of BoJ’ with Ayako Fujita, Chief Japan Economist and Takafumi Yamawaki, Chief Japan Rates Strategist

Looking ahead to next week’s BoJ monetary policy meeting, Fujita-san joins us to share her views of what to expect including the timing of QT, the rate hiking trajectory, terminal rates, and the inflation outlook. Yamawaki-san explains what’s been driving the move up in JGB yield post NIRP. With regard to the upcoming MPM, we see some upside for yields from here as the market is underpricing rate hikes relative to our view, and demand from Japanese lifers is blunted as they await better yield levels.

Speakers:
Thomas Salopek, Head of Global Cross Asset Strategy
Ayako Fujita, Chief Japan Economist 
Takafumi Yamawaki, Chief Japan Rates Strategist

This podcast was recorded on 5 June 2024.

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