The flow of Japanese money back into domestic assets has begun to gather pace, but uncertainty over how high local bond yields will rise and how far the Bank of Japan may lift interest rates is keeping a much larger repatriation of overseas assets on hold, according to a report by Reuters.
The Bank of Japan may have done enough for now to curb speculative bets against the yen after raising interest rates last week, signalling a focus on inflation and reportedly conducting a rate check in the foreign exchange market, the report stated.
