Akifumi Uchida Market Quotations

We selected Calypso because we felt that it was a strategic technology solution that would allow us to decrease the time taken to develop new products and release them to clients. We have worked in partnership with Calypso, along with Mitsui Knowledge Industry, to develop a solution that meets our needs in the Japanese market and can be implemented to fully meet the requirements of customers' platforms.

Many market players already think the ECB will raise interest rates in March and then several more times later this year.

The market is wondering whether U.S. growth can maintain the current rate, and a weaker reading than expected for GDP will pressure the dollar.

The market seems to anticipate a May increase plus another one, but probably not two after May, which will likely make the 5 percent benchmark yield reasonable.

The market, particularly the short end, is weighed by the suggestion from the minutes that inflationary pressures remain, confirming market views that rates will rise to 5 percent at least.