Bank of Japan Gov. Haruhiko Kuroda has at least one strategist that shares the optimism he is showing in the world’s third-largest economy.

Kenro Kawano, chief bond strategist at Morgan Stanley MUFG Securities Co. in Tokyo, says the BOJ will taper unprecedented stimulus in 2016 and 10-year sovereign bond yields will more than double over the next year. Kuroda said in Minnesota Sunday that his policies are working and Japan is making its way to “conquering deflation.”

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