But, based on the observation that the yield on ten-year JGBs has been fluctuating between 0.4 percent and 1.4 percent for the past month or so, the relationship between long-term interest rates and the outright purchase of long-term JGBs may not be as simple as it appears. V.  Relationship between the Bank and its counterparties in market operations  A.
Economic conditions in the NIEs and the ASEAN countries are recovering as a result of increased exports and production – supported mainly by demand from China – which are leading to improvement in private consumption and a pick-up in business fixed investment. The Indian economy has also continued to grow at a relatively rapid pace, with its exports and domestic demand being generally favorable.