Can’t comments on expected size of additional bond issuance to fund the latest package Believe markets have stabilised after various announcementsVarious factors contribute to market developmentsDon’t believe latest package is sufficiently big to ignite demand-driven inflationTotal 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.