Nomura Holdings CEO Kentaro Okuda said on Wednesday that he is closely watching the risk that the depreciation of the yen will push up interest rates. Okuda said at the securities company meeting in Tokyo that the market's expectations for further interest rate hikes by the Bank of Japan are still very high, and the market has included “slightly rising” interest rate expectations in the price. Okuda said that as long as the Bank of Japan maintains clear communication with the market, interest rate hikes are unlikely to have a significant impact on the Japanese stock market.

Nomura Holdings CEO Kentaro Okuda said on Wednesday that he is closely watching the risk that the depreciation of the yen will push up interest rates. Okuda said at the securities company meeting in Tokyo that the market's expectations for further interest rate hikes by the Bank of Japan are still very high, and the market has included “slightly rising” interest rate expectations in the price. Okuda said that as long as the Bank of Japan maintains clear communication with the market, interest rate hikes are unlikely to have a significant impact on the Japanese stock market.