London trip report: Nonresident investors' JGB market perspectives
Key points
- We visited Europe-based investors between November 10-14; main topic was impact of Takaichi administration's fiscal/monetary policy
- Standout was investors' views of inflation; BoJ rate hikes seem unduly slow to those familiar with dangers of high inflation
- Steepeners may be winning "flattener vs. steepener" debate; flattener camp's views look to be changing