2018 Outlook: Part 2 – Global Investment Cycle Turning?
The view a year ago was that the USD rally would reverse as US reflation euphoria faded, 10-yr Treasuries were more likely to test 2% than 3 and...
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Company Law Reform in Japan: Losing Its Mojo?
This year, Japan’s governance reform drive will either keep going, or run out of steam. Judging from the amendment of the Company Law that is now...
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JAPAN PASSIVE: The BOJ and Japan ETFs
Just under a year ago I wrote a piece about the BOJ's ownership of Japan ETFs called JAPAN FLOW II: Just What ETFs Does the BOJ Buy? Could We See...
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The Market Sentimentalist - Monetary Delusions
SummaryLast September the BoJ announced a major change to its monetary policy operations. It introduced an explicit target for long-term Japanese...
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The Market Sentimentalist - Strategic Impatience
SummaryBack in December we argued that the outlook for South Korea equities was constructive, even allowing for the increased risk of a flare-up in...
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