Is BoJ preparing a pre-Christmas surprise?

NAB Morning Call · Dec 7, 2023 · 15m

Friday 8th December 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABProbably not, is the answer to our headline, but NAB’s Ken Crompton says markets are pricing in a heightened expectation of the BoJ moving from negative rates sometime soon. The sharp rise in Japanese government bond yields yesterday and overnight almost wiped out the falls over the last month, but yields remain well below early November, when they almost touched 1%. Elsewhere, Australia’s trade surplus increased but it was largely due to a fall in capital goods imports…