In the past week, two important things happened in Japan. First of all, the Nikkei stock market index hit an all-time high; finally, eclipsing the previous record established 35 years ago. Following decades of underperformance, Japanese equities have left US stocks in the dust during the past two years. Meanwhile, the Bank of Japan (BOJ) [...]
Tag: boj
Soft Landing: What Could Go Wrong?
5 February 2023 After a bruising 2022, global financial markets now have fully embraced the propect of a "soft landing" for the global economy. Even the IMF has revised up its 2023 GDP growth forecast following China's post-Covid opening, declining European natural gas prices, and signs that world-wide inflation may have peaked. In the United [...]