Tankan & 10-Year Supply On Deck

JGB futures shed 5 ticks in overnight trade, but bears failed to threaten the 152.00 level.

• LDP Secretary General Nikai has downplayed the prospect of Japanese PM Suga calling a snap election, while he also noted that he would support fresh fiscal stimulus, if required, in an interview with the Nikkei.
• On the corporate credit side, after hours Wednesday saw Rakuten confirm that it has hired banks to issue Y100bn worth of subordinated paper on its behalf.
• The latest BoJ Tankan survey headlines the local docket today, with a particular focus on the CapEx metrics. Elsewhere, 10-Year JGB supply will be eyed.