Tomohiko Katsu Quotations

Auction results showed people are feeling safe to buy debt. Results were stronger than I had expected.

There was speculation more members would vote for a shift in monetary policy. The bank decided to keep policy with a 7-2 majority and that will make people feel comfortable purchasing bonds.

Higher stocks means selling pressure for bond futures.

The market is pricing in a policy shift, including a rate hike some time later this year, as the economy is showing signs of a pick-up. Shorter debt may remain under pressure.