Tokyo Troubles

yenWith fear and volatility pervasive, financial markets are stymieing central banks. In Japan, where the economy probably shrank in Q4, and where 10-year bond yields are negative as a result of negative interest rates having been recently introduced in an effort to further weaken the yen, the yen is at a 16 month high vs. the dollar! It’s because to investors Japan looks relatively safe compared to most other countries.

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