The Japanese economy is finally staging a comeback. Tuesday’s release of the October Economy Watchers survey confirmed that economic conditions are improving. The survey’s Current Conditions component jumped 13.4 points…
BCA Research’s Geopolitical Strategy service concludes that there is a tactical opportunity in Japanese equities. Japan’s ruling Liberal Democratic Party retained its single-party majority in the Diet in the…
The Japanese yen has been performing poorly recently. It is the only G10 currency that has depreciated vis-à-vis the USD over the past week. Several factors explain the yen’s underperformance. First, after a period of strength…
Highlights Q3/2021 Performance Breakdown: Our recommended model bond portfolio outperformed the custom benchmark index by +8bps during the third quarter of the year. Winners & Losers: The government bond side of the portfolio…
Highlights Recommended Allocation The global economy will continue to grow at an above-trend rate over the next 12 months and central banks will remove accommodation only slowly.But the second year of a bull market is often…
Japanese stocks have recently been one of the best performing global equity markets. MSCI Japan gained 2% in September, while the US and All Country World Indices each fell more than 4%. The outperformance reflects domestic…
Highlights Monetary Policy: Last week’s numerous central bank meetings across the world confirmed that the overall direction for global monetary policy is shifting in a more hawkish direction. The main reason: growing fears that…
Highlights The US Climate Prediction Center gives ~ 70% odds another La Niña will form in the August – October interval and will continue through winter 2021-22. This will be a second-year La Niña if it forms, and…
Japanese stocks have been enjoying a sharp rally in recent days with the MSCI Japan index up 6% in USD terms in just under a week and a half. The Japanese bourse is dominated by highly cyclical sectors with industrials, consumer…