EFTA00842065Set 9
2015-10-304p1,135w
there the BoJ has plenty of tools
for additional easing, including an increase in JGB purchases.
• We continue to see that USD/JPY has already hit the peak of this
year ... large foreign asset
investments by Japanese.
• We continue to expect that the upside of JGB yields to be limited,
regardless of the BoJ's inaction; the most of domestic investors ... additional easing expectations should remain
given our forecast of lower USD/JPY, and calendar-base JGB issuance
will be reduced.
• We instead change the view about the expected path of JGB
https://www.justice.gov/epstein/files/DataSet%209/EFTA00842065.pdf
EFTA02455442Set 11
2016-08-094p993w
increase 0.6% qoq saar, up from -0.6% in 1=.
Japan: After a decent JGB auction, if yields decline further in the super long secto=, domestic investors seeking
positive yields could ... risk assets and raising systemic risk.
Japan: All eyes were on the 30Y JGB Auction and rate= are stable post the results. The bid-to-cover ratio ... JGB
=uction was of 3.07 and stronger than prior 2.64. H=wever, we are seeing very limited flows post auction results and no
follow=through buying interests
https://www.justice.gov/epstein/files/DataSet%2011/EFTA02455442.pdf
EFTA02481791Set 11
2015-10-305p1,000w
there=the Bol has plenty of tools for additional easing, including an increase
i= JGB purchases.
<Forei=n Exchange>
* =C2* We continue to see that USD/JPY has =lready ... Japanese.=/u>
cJGB&g=;
* =C2* We continue to expect that the upsid= of JGB yields to be limited, regardless of the Boles inaction; th= most of
domestic investors ... easing expectations should remain given our forecast of
lower U=D/JPY, and calendar-base JGB issuance will be reduced.
* =C2* We instead change the view about the=expected path
https://www.justice.gov/epstein/files/DataSet%2011/EFTA02481791.pdf
EFTA00697953Set 9
2015-10-305p1,178w
there the BoJ has plenty of tools
for additional easing, including an increase in JGB purchases.
• We continue to see that USD/JPY has already hit the peak of
this year ... foreign asset investments by Japanese.
EFTA00697954
• We continue to expect that the upside of JGB yields to be
limited, regardless of the BoJ's inaction; the most of domestic
investors ... additional easing
expectations should remain given our forecast of lower USD/JPY, and
calendar-base JGB issuance will be reduced.
• We instead change the view about the expected path of JGB
https://www.justice.gov/epstein/files/DataSet%209/EFTA00697953.pdf
EFTA02481684Set 11
2015-10-304p881w
there the BoJ has plenty of tools for additional easing, including an increase in
JGB purchases.
• We continue to see that USD/JPY has already hit the peak of this year ... large foreign asset investments by Japanese.
* We continue to expect that the upside of JGB yields to be limited, regardless of the BoJ's inaction; the most of
domestic investors ... additional easing expectations should remain given our forecast of
lower USD/JPY, and calendar-base JGB issuance will be reduced.
• We instead change the view about the expected path of JGB
https://www.justice.gov/epstein/files/DataSet%2011/EFTA02481684.pdf
EFTA00842059Set 9
2015-10-304p1,024w
there the BoJ has plenty of tools for
additional easing, including an increase in JGB purchases.
• We continue to see that USD/JPY has already hit the peak of this
year ... large foreign asset
investments by Japanese.
• We continue to expect that the upside of JGB yields to be limited,
regardless of the BoJ's inaction; the most of domestic investors ... additional easing expectations should remain
given our forecast of lower USD/JPY, and calendar-base JGB issuance
will be reduced.
• We instead change the view about the expected path of JGB
https://www.justice.gov/epstein/files/DataSet%209/EFTA00842059.pdf
EFTA01784772Set 10
2016-08-069p3,497w
Checklist from MEGA Americas
Jeffrey, this is our weekly alpha checklist.
For the l0y JGB in yield terms at -9bp, there are stops over 5bp and t=en 25bp ... increasing flexibility, rather than by cu=ting back on easing.
30y JGB Yield: &=43;0.25% still maintains a down-trend</=>
Australia Economic Weekly: We expect
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01784772.pdf