Weekly Thoughts

BOJ cheif, Ueda-san’s latest admission that the central bank’s outlook for falling inflation rate could be wrong was significant. His comments may imply that the bank could be considering dropping its insistence that…

Following the last two weeks of client visits in Asia, we came away somewhat surprised about how quickly sentiment has turned very positive on Japanese stocks. To be sure, China’s disappointingly uneven…

Thus far, Japan’s stock market has been behaving relatively well with higher shareholder returns having provided a big boost to sentiment. With Japan’s corporate earnings season half way through its conclusion, we have…

We will keep this week’s publication fairly brief as there have been no major developments to address as clamer markets seem to have prevailed for now. However, Japan’s stock market is getting…

We have little doubt that credit contraction we are seeing, since start of the banking crisis is leading to slower US economic activity. As far as corporate earnings are concerned, the consensus…

It’s fairly evident that recent US bank failures have been early signs of stress on the system from Fed’s massive U-turn from its ‘transitional inflation” thesis in late 2021. The speed and the…

Markets remain in a state of flux as concerns about the health of global banking system persist. These concerns are partly reflected by the surging asset inflows into US money market funds…

In the past week we have seen what could be best described as a ‘Black Swan’ event engulfing financial firms, sending tremors through global capital markets. Although what we had initially thought…

It was back in October 2021 when in one of our weekly publications, we addressed what we called the “elephant in the room” and the growing risks of tighter US technology export restriction to China…

With US long term treasury yields stabilising below 4% at the end of last week, global stock market breathed a sigh of relief while S&P staged a bounce on its key moving…