Delivering Global Macro Investment Insights

DeSaque Macro Research

DeSaque Macro Research Limited was formed by Said DeSaque in April 2012 with the view to delivering global macro investment insights aimed at providing new ideas to clients.

Said DeSaque has over 26 years of experience working as a professional economist in financial services. Prior to establishing DeSaque Macro Research, Said held positions as Senior Economist at Robert W Baird and William Blair. He began his career as a graduate at PaineWebber in 1986, where he eventually became Head of the London Economics Department.

Said takes a very keen interest in international relations, along with their implications for economic development. His research interests include the economic transformation of China and its implications for global capital markets, particularly in the United States. He is a member of Chatham House in London.

The US economy and capital markets have historically been Said’s main focus of attention. He frequently presents his views to institutional investors in diverse geographic locations. In recent years, Said has also been carefully monitoring economic developments in Asia, particularly China and Japan.

Yen Weakness Not Solely Due to Bank of Japan as Corporates Play a Critical Role

BoJ Risks Major Credibility Test, While Fed and ECB Send Different Signals About Peak Rates

Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>Looming political changes in Japan could impact the conduct of monetary policy, following earlier and intense pressure to arrest the sharp decline in the yen during 2024.</li>
<li>The four contenders for becoming the new Liberal Democratic Party (LDP) leader do not all share the same views on the BoJ's attempt to normalise policy settings.</li>
<li>An extended policy adjustment pause by the BoJ could be detrimental to its credibility, analogous to what befell the Fed after the infamous 2013 taper tantrum.</li>
</ul>


Looming political changes in Japan could impact the conduct of monetary policy, following earlier and intense pressure to arrest the sharp decline in the yen during 2024.
The four contenders for becoming the new Liberal Democratic Party (LDP) leader do not all share the same views on the BoJ's attempt to normalise policy settings.
An extended policy adjustment pause by the BoJ could be detrimental to its credibility, analogous to what befell the Fed after the infamous 2013 taper tantrum.


Bank of Japan and Next Liberal Democratic Party Leader Must Create a New Nexus