Japan faces great decisions to solve the volatility of the bond market

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The Japanese government and the Central Bank face important decisions when they decide how long-term debt costs and the prospects for the country’s prospects for the country’s debt and the country’s debt will compete.

Earlier, 30 years, which are lower than in the year, 30 years, which reached 3.2 percent, 4.7 percent last week, in the back weeks of our return in Japan’s debt meeting, reached a few weeks in the back weeks of our return. Moving in reverse to domestic prices.

In recent days, a slight reduced confusion served to say that many investors are the structural imbalance between the debt and demand they believe in the price of the analysts.

It was a significant driver demographic. The remaining life of the large and wealthy generations of caravan baby boomers is less than 20 years, less than 20 years in 2000.

“This group should be invested for a very long time. However, the majority of government officials did not understand this structural change,” Zhao said that Japan was given very long bonds.

In addition, life insurance companies are not a source of demand they are already. Under the regulatory pressure, they lifted their allocations in very long dated ties last year. However, the traders say the process continues to progress.

The increase in 20 years of growth last week 2.61 percent, the 20-year-old government debt since 2012 followed the auction. This week, auctions closely followed by The 40-year debt, which has attracted the lowest proposal since last July, was poorly adopted. Tokyo said that the traffickers confirmed the ongoing “buyers’ holiday.”

These issues came to the fore, because the Japan Bank made an effort to “normalize” money policy and restore positive interest rates.

BOJ, which increased 0.5 percent of the rate since last year, reduced the overall bond purchases in the quarter of Y400BN ($ 2.8bn) and plans to last until March 2026.

For many years, investors have been planned to join the political and financial truths of the general debt, which has grown up to about 250 percent, which is an ungrateful, market distortion position of the debt market, how the Central Bank of Azerbaijan is considering juggling.

Analysts point to the week of the week on June 16, determine where the debt expenditures goes from.

This week, the two-day session of the Boj’s Monetary Policy Committee, which will review the last year of the purchase and sale of a passed bond. Some may decide to slow down to keep the committee, the crop, taking into account the confusion, slow down the tempo, to slow down the tempo.

That week, the Ministry of Finance is scheduled to discuss lending plans with market participants and decided to return sales at the Super Long Tip. Coming brokers and other market participants came to return after the result of the conclusion that the bond market begins.

Customers said that economists in JPMorgan will be more important for the markets of the upcoming survey of economists, super long final productivity speeds.

However, JPMorgan was found behind the curve because he entered the fourth anniversary of the main economist, Benjamin Shatil, Benjamin Shatil, Boj and Japan’s fourth anniversary.

In addition, he pointed out to domestic assets for foreign assets and pointed to the Mass State Pension Investment Fund that quickly tightens the liquidity in the commercial banking sector.

“It all begs the question – why get?” Said.

Shinichiro Kadota in the Barclays and FX strategy in Tokyo, after a weak auction of 40 years of debt on Wednesday, the key will be the communication of the Ministry of Finance.

The Super Long Tip of the JGB market, the issues of brewing for a while, but the potential need for boj normalization and the potential for the increase in Japan’s defense costs.

He added that in addition to regulatory changes, revenues for Japanese life insurers, other investment vehicles and tax-protected investment accounts and tax-protected investment accounts were rejected by tax-protected investment accounts.

Kadota said that Boj is likely to pull back to reduce JGB purchase. “There may be some pinches … But the solution must be the Ministry of Finance (reduce),” he said.