In the financial market, the overnight call rate is moving around 0.25 percent. As for interest rates on term instruments, Euro-yen transactions maturing beyond the year-end are rising somewhat while TB and FB rates are declining slightly. The Japan premium remains negligible. Yields on long-term government bonds have been declining since mid-October and are recently moving around the level below 1.8 percent.
The yield spread between private bonds (bank debentures and corporate bonds) and government bonds remains mostly unchanged as a whole. Stock prices remain weak overall and are recently moving around the lowest level since the beginning of this year.