Month / June 2023
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Yen’s implosion will likely force BOJ to pivot
BOJ’s continued inaction followed by dovish statements in support of its ultra-loose policy have left currency traders increasingly confident in shorting the yen. We view the central bank’s policy errors not only…
June 24, 2023 -
Yen’s derating continues as do BOJ’s policy errors
Japan’s central bank left its monetary policy unchanged with its governor, reiterating the view that the bank thinks inflationary pressures will fall off below 2% and Japan’s economy is still too fragile…
June 18, 2023 -
Secular rerating of Japan stocks continues despite weaker overseas activity
Net capital inflows into Japan’s equity market are continuing and with yen remaining weak, there is near term earnings support for multinationals listed in the Nikkei 225 index which global funds typically…
June 10, 2023
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