The current bull market that has seen the end of Japan's lost three decades should be named the "end of deflation" market, according to JPMorgan's top Japan strategist. Inflation Insights Inflation data out of Japan once again showed its strength, with core CPI sliding to 2% from 2.3% but exceeding estimates of 1.8%. Yield Movement The yield on the 2-year Japanese government … [Read more...] about Japan’s Bull Market Journey
Japan
Japanese Shipping Companies’ Shares Soar Amid Attacks
Japanese shipping companies have seen a substantial increase in their shares as a result of the recent attacks on international shipping in the Red Sea by the Houthi Yemeni rebel group. Nippon Yusen shares have risen by 7.75%, reaching 4,710 yen ($32.87). Similarly, Mitsui O.S.K. Lines has experienced a rise of 7.1% and reached Y4,838, while Kawasaki Kisen Kaisha recorded a … [Read more...] about Japanese Shipping Companies’ Shares Soar Amid Attacks
Potential Currency Moves in China and Japan
When the People's Bank of China (PBOC) makes a statement, it has a significant impact on the markets, even if its message is somewhat unclear. A few weeks ago, the PBOC hinted at allowing state-owned banks to sell dollars in order to support the yuan. This move helped stabilize the Chinese currency, which had experienced a 5% decline over the past three months. This action by … [Read more...] about Potential Currency Moves in China and Japan
Japanese Yen Plunges to 20-Year Low, Ramping up Pressure on Loose Monetary Policy
The yen dropped to a new 20-year low as it fell for the 13th consecutive day, heightening the stakes for the Bank of Japan on whether to maintain its ultra-loose monetary policy stance. JPYUSD down -1.16%, Nikkei 225 up 0.69% The plunge in the yen ¥128 against the US dollar emerged as Tokyo Research Survey found that nearly 40% of the companies determined that yen weakness … [Read more...] about Japanese Yen Plunges to 20-Year Low, Ramping up Pressure on Loose Monetary Policy
Japanese Yen Depreciates to Weakest Against Dollar in Seven Years
Source: Financial Times The Japanese yen plunged to its weakest level against the US dollar in seven years on Monday after its central bank offered to boost its bond-buying program. EWJ is down 1.74%. The yen depreciated by over 2% to reach ¥125 versus the dollar, with traders expecting more weakness.The currency has already dropped by over 7% so far this month, making … [Read more...] about Japanese Yen Depreciates to Weakest Against Dollar in Seven Years
