Toyota Asset Management about the prospects of Japanese economy

According to Masaru Hamasaki from Toyota Asset Management, yesterday's report Tunkan Bank of Japan shows the economic recovery in light of the increasing foreign demand. As an index of business conditions, which in March rose to -14 in the June report, this figure is likely to continue to grow. Masaru Hamasaki predicts that during fiscal year 2010 pair dollar / yen will trade in the region of 91.00, however, considers it possible slight weakening of the Japanese currency, which would be a positive factor in effect on the forecasts of revenues for oil exporters. In general, an analyst at Toyota Asset Management believes that a positive outlook on the economy will prevail, though in the beginning of the financial year, investors are likely to remain cautious. Given the lack of active sales of government bonds in order to take profit, investors are unlikely to seek to quickly increase its share ownership, thus giving Masaru Hamasaki considers it possible to increase yields on long-term bonds by about 1.5% by the end of April.