There is a strong likelihood that the BOJ will reduce its purchases by enough to neutralize the effects of lowered issuance, which should result in slight upward pressure on JGB yields, SMBC Nikko Securities’ says.
There is a strong likelihood that the BOJ will reduce its purchases by enough to neutralize the effects of lowered issuance, which should result in slight upward pressure on JGB yields, SMBC Nikko Securities’ says.