The BoJ moves to address climate change while Japanese investors cover foreign bond sales and foreigners accelerate Japanese bond purchases: The MUFG Global Markets Podcast

As of July 11, 36 million people are partially vaccinated, and 21 million people are fully vaccinated against COVID-19 in Japan. But with new infections on the rise, Prime Minister Suga was forced to decide to ban spectators at the Summer Olympics. USDJPY and the Nikkei have started to rise early in the week as U.S. stocks turned upward, but the Japan side is impacted by LDP’s political risks, COVID-19 and the Tokyo Olympics.

In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido discusses the BoJ’s efforts to address climate change through monetary operations and cross-border investment flows. He also shares his views on the Dollar/Yen, Yen rates, and Yen basis.

Disclaimer: www.mufgresearch.com (PDF)