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PPI & BSI Survey Eyed

JGBS

JBH3 shed 23 ticks in the final overnight session of last week as U.S. Tsys softened in the wake of firmer than expected U.S. PPI data.

  • In weekend news, BoJ’s Takata told the Nikkei that it is not the time to end YCC, as he indicated the need for continued ultra-loose policy settings i.e. reiterating the central line of the BoJ (albeit with some reservations re: the side effects of prolonged easing).
  • Elsewhere, the weekend saw Japanese PM Kishida echo what we heard from Finance Minister Suzuki, as he noted that the country won’t rely on bond supply to finance the increase in defence spending, with subsequent newswire headlines pointing to the potential for corporate, income and tobacco tax tweaks to fund the increased spending.
  • The quarterly BSI survey and latest round of PPI readings headline the domestic docket on Monday, with the latter expected to see a slight moderation in both the M/M & Y/Y terms.
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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