BoJ versus bond market vigilantes…round two: The MUFG Global Markets Podcast

So far in July, USDJPY, the 10Yr JGB yield, and the Nikkei Average have all stayed in a flat range, while JPY basis has remained wide. With the risk of a global economic slowdown being questioned, developments in G10 bond markets have impacted Japanese investors’ overseas bond flows, while foreign investor behavior in the JGB market is also being affected.

In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido discusses his July outlook for JPY cross assets and Japanese investor behavior based on the June Tankan survey, and reviews BoJ and MoF money flow data for June. He also shares his views on Dollar/Yen, Yen rate, and Yen basis.

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