Japan morphs into the center of worry for global investors

Quick Summary:

The surge in the yen also derailed one of the most profitable market strategies this year: carry trades that involve borrowing the Japanese currency to invest in other global assets.

The initial historic selloff in the market indicates that any momentum trades hoping to profit from the weak yen and the broad rally in Japanese equities have been wiped out, according to analysts.

There’s soul searching everywhere now that we have a BOJ that seems hell-bent on getting away from years of zero or negative rates policy,” said Stephen Miller, a consultant at Grant Samuel Funds Management and former BlackRock Inc.fund manager.“Japan is now at the center of emergent worries — across everything, stocks, bonds, yen, credit, everything.

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Article Details

Author / Journalist: BusinessMirror

Category: BusinessStartups

Markets: PhilippinesJapan

Topics: Markets Global Rates Investment Companies Weak Japan’s Japan Market Trades Investors

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-07 @ 12:12:03 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 829 words

Reading Time: 5 minutes read

Sentences: 21 lines

Sentence Length: 40 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 21969984

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Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 30 posts per day

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News Last Updated: 11 hours ago

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