マレーシア 財政赤字を削減

マレーシアの２０１３年度の予算案発表を受けて、マレーシアリンギは４か月ぶりの高値を更新しているようです。

下記引用記事によれば、マレーシア政府は２０１３年度予算で財政赤字削減策をとるようです。財政健全化を評価してマレーシアリンギは上昇している模様です。債券市場にもポジティブと市場関係者は評価しているようです。

マレーシアでは公共投資やプロジェクトが目白押しでしたが、財政にも負担となっているはずで、マレーシアの国債利回りは若干高めの３％台でしたが、これを受けて利回りが低下するかもしれません。（債券価格は上昇）

マレーシアの不動産やREITにはどのように影響するでしょうか？金利低下を市場が評価するか、それとも公共投資の減少を嫌気するか、ちょっとわかりません。



にほんブログ村

Ringgit Strengthens Ahead of Probable Deficit-Reduction Plan

Prime Minister Najib Razak wants to reduce the shortfall to 3% of gross domestic product by 2015, the least since 1998, according to data compiled by Bloomberg, a senior government official told reporters yesterday on condition of anonymity before today’s budget address to parliament. Spain announced yesterday a 13 billion euro (US$16.8 billion) austerity package to tackle the euro area’s third-biggest budget deficit, which may be enough to ease demands that creditors such as Germany may make in exchange for a financial lifeline.

“Any attempt to streamline the Malaysian budget will be seen to be positive for the ringgit and government bonds,” said Vishnu Varathan, a Singapore-based economist at Mizuho Corporate Bank Ltd. “People are hoping Spain’s budget rationalization for 2013 is a warm-up toward the European Central Bank buying Spanish bonds and will lead to Spain asking for a bailout.”

The ringgit climbed 0.3% to 3.0681 per dollar as of 9:20 a.m. in Kuala Lumpur, according to data compiled by Bloomberg. It touched 3.0637 earlier, near the 3.0333 reached on Sept. 14 that was the strongest since May 4.

The currency declined 0.6% this week, paring its monthly advance to 1.6% and its quarterly gain to 3.3%. One-month implied volatility, a measure of exchange- rate swings used to price options, was unchanged at 7.30%.

The yield on the 3.314% notes due October 2017 rose one basis point, or 0.01 percentage point, to 3.31%, according to Bursa Malaysia. The yield also gained one basis point for the week. (Bloomberg/aph)