Open trading account - Exports, output increasing as emerging market demand recovers
- Japan economy now able to move forward supported by tailwinds from global economic recovery
- Extremely important for Japan's economy for companies be innovative, create demand for new products and services
- 10-yr JGB yields have been stable around zero pct even as long-term rates in many other countries rose, showing BOJ's yield curve control exerting intended effects
Community Blog
Bank of Japan Governor Kuroda speech at the Meeting of Councillors of Nippon Keidanren (Japan Business Federation) in Tokyo
A change of fortune for the Rupee...fingers crossed
Good news to see significant rebounds in the value of the Indian Rupee and the Sensex after the appointment of the new Governor. The currency move will have been accentuated by a nicely orchestrated piece of intervention, sensibly timed to make the most of a change in circumstances. As I have emphasised before, intervention timed like this is effective because it backs up other factors that the market consider positive, and the first actions of this technocrat Governor have provided that boost. …