Thursday, July 12, 2007

JGBs trim losses after BOJ vote, rate view intact

(Reuters) - BOJ Governor Toshihiko Fukui, who spoke at a news conference
following the BOJ's decision to leave interest rates unchanged at
0.5 percent, shed no new light to significantly change market
expectations for a rate hike as early as August, traders said.




"The 8-1 vote left an impression that BOJ board members were
more cautious about a rate hike than previously thought, spurring
short-covering in bonds," said Takeo Okuhara, a bond strategist
at Daiwa Institute of Research.


Read more at Reuters.com Bonds News

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