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The changing outlook for Japan's OIS rates, which have never been positive since 2016, follows a move by the ECB to address inflation.

Tokyo money market prices in 2023 rate hike

Overnight index swap rate turns positive for first time since early 2016

RYO SAEKI, Nikkei staff writer | Japan

TOKYO -- For the first time in about six years, money market players in Tokyo clearly expect short-term interest rates to move into positive territory.

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