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2024

2023

  • Apple Inc. (AAPL US)

    Apple Inc. (AAPL US)

    11 December 2023 400 KB PDF
    • Maintaining a strong financial position
  • JGB Issuance

    JGB Issuance

    8 December 2023 352 KB PDF
    • Envisioning FY24 JGB issuance plan: Total JGB issuance in FY24 may decrease by around Y20tn (mainly refunding bonds)
  • Daiwa's View

    Daiwa's View

    7 December 2023 803 KB PDF
    • Expect more lively Dec meeting following Deputy BOJ Governor Himino’s speech
    • Himino’s first speech since taking office viewed as relatively hawkish
    • Forward OIS rose in response to speech; now expect more lively Dec meeting
  • Daiwa's View

    Daiwa's View

    27 November 2023 929 KB PDF
    • Decline in US Economic Surprise Index
    • Risks are loosening financial conditions and raising BEI in Japan
  • Daiwa's View

    Daiwa's View

    24 November 2023 472 KB PDF
    • Term premium has declined once more into negative territory
  • Daiwa's View

    Daiwa's View

    17 November 2023 425 KB PDF
    • Real purchasing power decline brings sense of relief for super-long-term investments
  • Daiwa's View

    Daiwa's View

    17 November 2023 412 KB PDF
    • Soft landing and dollar depreciation
  • Daiwa's View

    Daiwa's View

    16 November 2023 473 KB PDF
    • Implications of major investor’s new JGB portfolio restructuring policy
    • Historical significance of similar de facto bond conversion characteristics
    • Reduced BOJ rinban operations and start of YCC dismantling