Markets are complacent about upside risks to Japanese rates

Most commentators have been quick to dismiss the significance of today’s increase in Japanese interest rates, taking their cue from the apparently dovish statement accompanying the announcement. However, we think this interpretation is too simplistic and leaves the markets dangerously complacent about the upside risks to rates.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.