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Yen interest rates in London lifted by foreign players' bets on BOJ tightening

Meanwhile, Japanese players are cool to the idea, widening swap rates between London and Tokyo


EXPECTATIONS that the Bank of Japan may tighten policy and steepen the yield curve sooner rather than later are lifting long-dated Japanese interest rates in London, but not at home.

The divergence in yen interest rates between London and Tokyo reflects perception gaps...

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