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Looking Further Afield

JGBS

Futures followed the broader impetus in overnight trade, finishing mid-range, -3 on the day.

  • On the local COVID front, Japanese PM Suga has noted that the gov't wants to decide on whether to declare a state of emergency in several regions by the end of this week. This was reaffirmed by piece circulated by the Asahi, which suggested that we can expect the decision on emergency declarations in Tokyo, Kyoto, Hyogo and Osaka on Friday.
  • Elsewhere, the BoJ resumed ETF purchases yesterday after the TOPIX fell more than 2% in the morning session. Tuesday saw the Bank refrain from buying ETFs despite a 1% dip in the Topix, which has typically been a signal that the BoJ will commence purchases.
  • There is little of note on the local docket on Thursday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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