It will be interesting to see how BBJP responds to the macroeconomic factors going on in Japan as the Bank of Japan is currently scaling back on a massive monetary stimulus package. BBJP could stand to benefit as the BOJ decides on how to move forward with their monetary policy with respect to a forthcoming interest rate decision this month.
At this point, a definitive decision is still in limbo.
“Compared to when the BOJ decided to do a comprehensive policy review in July 2016, you cannot avoid the impression that there is no clear conclusion yet in the BOJ on what it wants to do,” said Chotaro Morita, chief rates strategist at SMBC Nikko Securities.
BBJP is up 1.6% since its introduction and gained 0.49% at the close of today’s trading session.
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