Fukui's comments were just very hawkish overall. There's certainly room for short-term yields to rise and the yield curve to flatten more as the market factors all this in.
More Quotes from Tatsuo Ichikawa:
Government debt sold off too much. Yields are high enough to lure investors. Yields already reflect speculation that a rate increase may come in the fourth quarter of 2006.Tatsuo Ichikawa
There was a risk he would make more hawkish comments. He reaffirmed that even if the Bank of Japan ends its easy monetary policy it probably won't be increasing interest rates anytime soon.
Tatsuo Ichikawa
Market players are expecting that Mizuno and Fukui may start preparing the markets gradually for an eventual increase in interest rates, and are listening carefully to their speeches.
Tatsuo Ichikawa
Readers Who Like This Quotation Also Like:
Based on Keywords: fukuisDo you love me because I'm beautiful, or am I beautiful because you love me?
Oscar Hammerstein II
This is our culture, and I don't care who the musician is, if he avoids black people, then he is scared of something. He doesn't have confidence in himself or else he doesn't believe in what he's doing.
Betty Carter
The ancient feud between cat and dog is not forgotten in the north, for the Lynx is the deadly foe of the Fox and habitually kills it when there is soft snow and scarcity of easier prey.
Ernest Thompson Seton