The Nikkei is weak and that will support bonds.
More Quotes from Makoto Yamashita:
While there is lingering view that interest rates in Japan will not stay effectively at zero after the end of the five-year-old 'quantitative easing' last week, stronger-than-expected non-farm payroll data enhanced worries about further rate increases in the US.Makoto Yamashita
On top of a heavy auction schedule in January, if a rise in consumer prices is confirmed, the market will shift its focus to the approaching timing of a BOJ policy shift and keep up pressure especially on the shorter maturities.
Makoto Yamashita
Bonds will find it hard to rise today. The fundamental trend that the economy is recovering has not changed.
Makoto Yamashita
The decline in stocks yesterday was not the start of a trend. At this level investors should sell bonds.
Makoto Yamashita
Investors may start worrying that the central bank will scale back its monthly bond purchases to reduce the amount of money in the system. That will push up yields further.
Makoto Yamashita
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