Weekly Thoughts

Climate goals, inflation, de-consolidation and geopolitics to dominate marketsWith Cop26 climate summit in Glasgow having reached its conclusion, we see a better framework in place to push listed firms to disclose their…

US stock market melt-up leaves Japan poised to join the partyAlthough nothing has yet to manage to derail America’s booming stock market, at least now we are seeing very positive developments to…

Keeping track on number of key near-term developments Going deep into the current earnings season next week, overlapped by the all-important Cop26 environmental summit in Glasgow and Japan’s Lower House elections due this…

Strong signals for broadening tech export restrictions to China  Although earnings season is upon us and this one should prove particularly tricky, the latest geopolitical developments are just too important not to address…

Japan and its deep cyclical/value names likely to outperformWe will keep this weekly update short as we switch to a bottom-up mode ahead of the earnings season which for three weeks a…

Our top-down views and why we remain bullish JapanOur near-term top-down outlook is simply that as long as US long bond yields trend higher, Japan as one of the most cyclical stock markets…

Higher rates rattle markets as economic activity slowsAlthough our bullish Japan stock market outlook is highly conditional on US longer term rates to be edging higher, the sudden spike in bond yields…

As US rates head back up, Japan stocks look poised for further gainsHaving spelt out its plans to start its tapering before year-end and complete the program by middle of next year,…

Japan’s younger lawmakers breaking ranks to vote for changeWe remain excited about the prospects of our own stock market in Japan as a generational battle is brewing within the ruling LDP party…

LDP leadership race promises big changes, even at BOJ Although Japan’s politics has had some colourful and assertive characters in the past three decades like Ryutaro Hashimoto, Ichiro Ozawa and Junichiro Koizumi, we…