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先锋集团警告日本中性利率被低估,建议低配日债
火星财经消息,万亿资产管理巨头先锋集团发出警告,市场严重低估了日本中性利率水平。该集团全球利率主管哈勒姆表示,日本央行需要比市场预期更高的利率才能有效抑制通胀,并预计央行将在12月19日会议上继续加息。目前日本政策利率为0.5%,而中性利率估计在1%-2.5%之间。先锋集团建议投资者低配日本短期国债,认为在收益率曲线中短端低配日债是规避风险的正确策略。