Where there is smoke, there is fire with the BoJ and NIRP/Walmart CEO gives us lay of land/Other good stuff

I guess where there is smoke, there is fire. As my lead story yesterday on the BoJ that highlighted in the piece titled "The end of NIRP seems near", it seems that it might be very near. Following the comments yesterday from Deputy Governor Himino that said there are positives getting out of negative rate policy, Governor Ueda met with PM Kishida today and told this to parliament in answering a question on monetary policy, "It will become even more challenging from the year end and heading into next year. We will work to properly communicate and conduct appropriate policy." He wasn't firm that something was going to happen with NIRP by yr end but the groundwork is clearly being made. He also said "We may not be at a stage to talk about an exit now, but to ensure it will go smoothly when it happens we will make efforts to convey information shortly beforehand." 

Look at the intraday moves in JGB yields and the yen in response:

10 yr JGB Yield intraday

Yen intraday

Other Asian yields rose in sympathy and US Treasuries are selling off too as is the gilt market but other European bonds are little changed after some more soft economic data there. I'll say for the umpteenth time, what the BoJ does is a big deal for global bonds.