SYDNEY, Feb 6 — Asian shares eased today after a run of upbeat economic data from the United States and globally lessened the risk of recession, but also suggested interest rates would have to rise further and stay up for longer.
Amamiya has been closely involved with the Bank of Japan’s current super-easy policies and is considered by markets to be more dovish than some other contenders. Futures 0#FF: are almost fully priced for a quarter point rate rise in March, and likely another in May, leaving the peak at 5.0 per cent from 4.9 per cent ahead of the jobs data.
Bruce Kasman, head of economic research at JPMorgan, noted recent surveys on manufacturing globally had also shown a bounce in January.
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