Barings' Harte pre-empts Japan QE programme by shorting yen

Manager anticipates intense money printing as Japanese government launches quantitative easing measures

Barings’ Colin Harte has increased his short position on the yen in anticipation of the Japanese government launching an aggressive quantitative easing programme. Harte, who manages the £176.2m Absolute Return Global Bond Trust and £167m Global Bond Trust, has a 35% short position in the yen over fears Japan will begin an intense period of printing money. He believes the yen will become one of the worst-performing currencies following the start of the QE programme, which he predicts will begin in late March. “People get alarmed by the build-up of debt in the UK, but the debt in Jap...