This in the Nikkei this morning

  • Fears of an interest rate rise recede
  • Market players anticipate monetary easing continuing for some time
  • Bids at BOJ auctions have been on an upswing since mid-July
  • The BOJ trade had died down until around June

Hmmmm. Ah well, that's what they'll be reading in Tokyo this morning.

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(ps. The s"BOJ trade" - buying bonds issued by the government to sell to the Bank of Japan)