- Can’t comments on expected size of additional bond issuance to fund the latest package
- Believe markets have stabilised after various announcements
- Various factors contribute to market developments
- Don’t believe latest package is sufficiently big to ignite demand-driven inflation
- Total bond issuance this fiscal year to be below last fiscal year
The Japanese Yen caught a bit on these comments likely because of Katayama’s comment on lower bond issuance. Couple that with the recent intensification of verbal intervention and the chance of a rate hike in December due to the fast depreciation of the currency.
This article was written by Giuseppe Dellamotta at investinglive.com.