Greetings
In 2024, as global central banks started to consider lowering their policy interest rates, the Bank of Japan has taken the significant step of raising its rates. The upcoming statements from the Bank of Japan through the Monetary Policy Meeting in October and onwards are anticipated with great interest. In this context, Tokyo Financial Exchange (TFX) and CQG are pleased to co-host a webinar titled "Three-Month TONA Futures and Market Outlook of BOJ Policy."
We are honored to welcome Ms. Muguruma, Chief Fixed Income Strategist at Mitsubishi UFJ Morgan Stanley Securities, as our special guest to provide insights into the interest rate outlook in Japan. Additionally, TFX will offer an overview of the Three-month TONA Futures, which were launched in March 2023. Our product specialist from CQG will also introduce trading techniques utilizing CQG products. We hope this webinar will serve as a valuable resource for understanding future interest rate trends in Japan.
Presentation Contents
| Session | Speaker |
|---|---|
| 1) Introduction of Three-month TONA Futures (10-min) | Tokyo Financial Exchange Satoko Tamiya Senior Manager Wholesale Business Department |
| 2) Market Outlook of BOJ Policy (10-min) | Mitsubishi UFJ Morgan Stanley Securities Naomi Muguruma Chief Fixed Income Strategist |
| 3) Trading TONA Futures on CQG (10-min) | CQG Tokyo Yuki Mogi Product Specialist |
Special Guest Introduction
Mitsubishi UFJ Morgan Stanley Securities
Naomi Muguruma
Chief Fixed Income Strategist
Focus: BoJ watch, JGB market analysis
Career
Joined Bank of Tokyo (now MUFG Bank) in April 1988.
Seconded to Tokyo-Mitsubishi Securities (now Mitsubishi UFJ Morgan Stanley Securities) in April 1996, analyzing the Japanese economy and the JGB market.
Joined Standard & Poor's MMS in February 2000, working as a senior fixed income analyst (yen bonds) and product manager in Singapore.
Joined Mitsubishi Securities (now Mitsubishi UFJ Morgan Stanley Securities) in February 2004, working as a senior fixed income strategist.
Became senior market economist in October 2013, before entering current role as chief fixed income strategist in July 2022.
Served as adjunct instructor at the University of Shizuoka, School of International Relations (Oct 2018 - Mar 2019).
For inquiries regarding this webinar, please contact the CQG Tokyo Event at cqgtokyoevent@cqg.com.