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Daiwa's View
28 June 2023
976 KB
PDF
Increasing stock effects due to rise in BOJ's share of JGB holdings
The effects may have pushed down 10-year JGB yield by 10bp
Substantial cut in scale of purchases in Rinban operations remains unlikely
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Daiwa's View
27 June 2023
824 KB
PDF
The Fed’s “dividing line between safety and destruction”
Federal funds rate of 6%?
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Daiwa's View
26 June 2023
605 KB
PDF
Risk-off emanating from Europe
Strong pressure to sell the yen seen amid lower yields and stronger dollar
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Daiwa's View
22 June 2023
1048 KB
PDF
US yield outlook for FY23 (revised on 22 Jun)
We forecast US 10-year yield of 3.5% at end-2023 and 3.25% at endMar 2024
Now may be the last buying opportunity
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Daiwa's View
22 June 2023
467 KB
PDF
Kishidanomics after downgrading coronavirus to “Class 5” is Abenomics with beefed up “third arrow”; stressing growth strategies with long-term view to stimulate private investment even more than Abenomics
Right prescription for overcoming economic stagnation; major financial market transformation if realized
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Daiwa's View
19 June 2023
1086 KB
PDF
BOJ’s cautious stance unchanged even at Jun meeting
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Daiwa's View
19 June 2023
696 KB
PDF
BOJ Governor Kazuo Ueda kept saying “highly uncertain”
BOJ has cautious stance, despite changes in companies’ price and wage setting behaviors
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Daiwa's View
15 June 2023
615 KB
PDF
Yen short positions are at their highest level since outbreak of COVID-19 pandemic
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