• Japan’s long term interest rates have been unexpectedly low and stable
  • Government must come up with concrete fiscal reform plan so as not to lose market trust in Japan’s finances

Adding to his comments earlier he said;

“When the economy is moving away from deflation and heading toward mild inflation, you need to radically change your portfolio. Of course that will push up stock prices”

He has also mentioned that Abe is expected to re-shuffle his cabinet before convening an extraordinary parliament session in October. That sounds particularly ominous so I’ll have to look into whether this is possibly a big deal. I’m not an expert in Japanese politics so this might just be run of the mill stuff.

Update: A quick sniff around and it looks to be standard Japanese stuff with Abe allowing other snouts to get at the political trough. The main bigwigs like Amari, Aso and Suga are likely to keep their posts but there could be some shaking up of some senior positions as terms of some party execs expire in September.

A couple of round ups from the Japan Times in April and a few days ago