Investors have adopted a cautious stance ahead of a scheduled press conference by Mr Trump tomorrow, worried that the president-elect may ramp up his protectionist rhetoric. The dollar has softened…
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The prospect of faster rate hikes in the US has unnerved emerging markets in recent weeks. The low delinquency rates for US households and the higher capital ratios of banks…
Investors are testing the Bank of Japan’s resolve. The yield on 10-year JGBs climbed 2.9 bps to an intraday peak of 0.089% on Monday, the highest since January 28th. The…
Chart of the week To download a PDF of the full report, click here
The Bank of Japan may have started the end of its flirtation with negative interest rates. The overnight rate was originally cut to -0.1% because the BoJ wanted to shift…
Last week’s commentary on Japan focussed on the critical question of GDP mismeasurement. To recap, recent Bank of Japan research has highlighted the importance of looking at alternative indicators to gauge…
