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Japan's Equivalent To C B I : Bring The I R Hikes On!

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Japan business lobby head brushes off rate concerns

Mon Apr 10, 2006 3:14 AM ET

TOKYO, April 10 (Reuters) - The head of Japan's largest business lobby said on Monday that
recent rises in long-term Japanese interest rates had yet to hurt the economy.
"If there are big swings in the future, it could have an impact, but there hasn't been any for now," said Hiroshi Okuda, chairman of the Japan Business Federation (Keidanren) and chairman of Toyota Motor Corp. (7203.T: Quote, Profile, Research). The benchmark 10-year yield <JP10YTN=JBTC> matched a near-two year high of 1.900 percent in early trade on Monday.

This interesting little snippet from Japan says, to the casual observer at least, that the Japanese "CBI" gives the green light to the BoJ to raise the rates as it will not kill the recovery.

To be forewarned is to be forearmed. Time to unload interest rate sensitive assetts. (if it is not too late for some).

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
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