Matsuzawa Morning Report Global Markets Research Macro Strategy - Japan - US economic data came in below expectations, lowering near-term rate hike expectations but lifting expectations for a later economic recovery. - US inflation expectations also rose, but remain at levels low enough that they are unlikely to trigger a hawkish shift by Fed Chair Kevin Warsh. - Although near-term rate hike expectations rose in Japan, JPY continued to weaken, and stronger Japanese equities spurred JPY selling demand. - Som ...