Nov 3, 2017 | Global Economy, Japan
Much in the way that monetary stimulus has turbocharged equities, unprecedented low interest rates in developed and emerging markets have artificially compressed credit default swap spreads. As the charts below show, CDS spreads are anchored at the bottom end of the...
Dec 12, 2014 | Featured, Japan
October saw the BoJ’s announcement of increased stimulus, coordinated with the new targets for the GPIF, 25% each for foreign and domestic equities (up from 12% each), and a decrease in JGBs, from 60% to 35% of holdings. Investors, both Japanese and foreign, have...
Nov 17, 2014 | Asia, Japan
Further yen weakness, in an environment of slowing global growth, will put pressure on other central banks to ease policy. Although attention is rightly focused on the ECB, Japan’s biggest trade partners, who derive significant parts of GDP from trade with Japan, are...
