Agency: Timing of Bank of Japan rate hike still highly uncertain

On July 10, according to Jinshi Data, Aviva Investors stated in its third-quarter outlook that it expects the long end of the Japanese government bond yield curve to flatten. The company noted: "The government may shift issuance from long-term bonds to short-term bonds." In addition, Aviva Investors believes that although monetary policy is firmly on a path of cautious tightening, the specific timing of interest rate hikes remains highly uncertain. [Shenchao TechFlow]