Mizuho Securities Co. said Bank of Japan dominance has killed the nation’s sovereign bond market, leaving it unable to reflect either the success of stimulus policies or fiscal risks.
"Although most investors will take comfort from the fact that the bank left its benchmark rate unchanged and is sounding somewhat hawkish, the fact remains that it's still cutting rates in the face of a surge in inflation."
- Nicholas Spiro on Aug 27, 2014
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