BoJ’s Tankan survey, JGB buying plan, and MoF’s fiscal fund projections for volatile JPY moves in FY21: The MUFG Global Markets Podcast

We are now in FY21. The Tokyo market volatility has not picked up noticeably. JPY rates and basis are stable as the Nikkei Average rises and USDJPY firms in the JPY110 level. The BoJ has shown that it plans to cut purchases of JGBs in April. The Ministry of Finance plans to increase issuances of JGBs in FY21 but will cut issuances of short-term debt in April. The BoJ’s March Tankan survey showed that Japanese corporate sentiment is improving.

In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido discusses Japan’s economy and Japanese corporate investing and export assumption exchange rates based on the Tankan survey, as well as the BoJ’s JGB buying plans and the MoF’s stance toward fund supply and demand and TDB issuances in April. He also shares his outlooks for Dollar/Yen, Yen rates, and Yen basis.

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