Okuda Kentaro (奥田 健太郎), president of Nomura Holdings, Inc., said he was concerned that further yen depreciation could push domestic interest rates higher, and indicated that the market still strongly expects rates to rise further.
Okuda Kentaro (奥田 健太郎), president of Nomura Holdings, Inc., said he was concerned that continued yen depreciation could drive domestic interest rates higher. Attention is focused on interest-rate developments while the yen remains weak.
The background to the comments is that the market is still strongly expecting domestic interest rates to rise further, with a view that the period of rising rates will continue.
Okuda referred to the possibility that yen depreciation could push up interest rates and urged attention to whether interest-rate movements will match market expectations.
The comments reflect the head of Nomura Holdings, Inc. expressing concern by linking yen depreciation with interest-rate developments, and could draw attention to future interest-rate movements and the financial market’s response.