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Mahjabeen Zaman from ANZ Bank thinks the BOJ will hike rates by 25 bps in its upcoming meeting, but it will be difficult for the BOJ to be more hawkish than other central banks due to fiscal difficulties, which might be disappointing to people who want the yen to strengthen more.
The yen's surge may be signaling something much bigger than another carry-trade scare: the price of Japanese capital is changing. For the first time in decades, rising JGB yields are making it increasingly rational for Japanese investors to keep more money at home.
The Japanese economy notched a third consecutive quarter of growth, but at a slower pace as household and corporate spending weakened.
Japanese stocks were higher following a recovery in U.S. technology stocks overnight.
After underperforming earlier in the year, Japanese equities started rising in late August and should maintain strong momentum in the coming months. The Japanese economy's growth in the recovery quarter, Q2, was solid; and the full-year growth rate for 2021 is projected at 2.4%.
Japanese equities have long been overlooked by many global investors. The tide has begun to turn in 2021, but what will it take for Japanese value stocks to make a more sustained recovery?
au Jibun Bank Japan Flash Japan Composite PMI falls to 48.1 in May from 51.0 in April.
Japan's GDP contracted at an annualized rate of 28.8 percent in Q2 of 2020, the biggest decline on record. China has moved up the manufacturing chain and no longer needs Japan as much as it did