July 20, 2022 23:38 GMT
JGB futures shed 5 ticks in overnight trade, giving back all of their early gains and more, tracking the wider gyrations observed in core global fixed income markets during the post-Toko session, going out just above worst levels in the process.
- Local news flow has seen Yomiuri point to PM Kishida looking to reshuffle his cabinet in early September, which doesn’t present much in the way of surprise given previous communique and press reports.
- The latest BoJ monetary policy decision headlines the domestic docket today. A quick reminder that no changed is expected when it comes to the Bank’s headline policy settings, while the BoJ is set to adjust its immediate CPI forecast higher and immediate growth projection lower (see our full preview here).