bank of japan

Go alone for follow the crowd?

Our current view on Japan comprises three main bearish elements, and three bullish ones. We will turn first to the bearish considerations.

Fiscal stimulus and central bank intervention possibilities

What markets here can learn from the Land of the Rising Sun

£15bn-23bn of losses could result in annual loss

Coronavirus concerns

Many investors are worried about the potential impact of the coronavirus. Only one case has been reported in Japan so far, though the authorities have quarantined a cruise ship with affected passengers on board.

Return of big banks and the end of austerity?

Japanese equities have been sensitive to weaker global industrial demand over the past 12 months, but we expect the earnings impact from the ongoing slowdown to bottom out by the end of this fiscal year.

2019 has been a stellar year for global bond markets, as weak global economic growth and low inflation have combined with ever more accommodative central banks to push global bond yields significantly lower.