Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macro and Geopolitical Research House

Japan Watch: 1% with Added Flexibility – More or Less Printing from Here?

Japan Watch: Flows in JPY and JGBs after the YCC decision

Japanese Banks – Our Picks for a Steepening Yield Curve

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Cross Asset Strategy

Multiple Countries / Cross Asset Strategy

<ul>
<li>Japanese inflation is getting increasingly embedded - &gt;80% of basket components increase YoY.</li>
<li>Expectations ahead of the Ueda-led BoJ policy statement are low</li>
<li>In general, a move higher in the Japanese Core CPI speaks in favor of a defensive equity allocation</li>
</ul>


Japanese inflation is getting increasingly embedded - &gt;80% of basket components increase YoY.
Expectations ahead of the Ueda-led BoJ policy statement are low
In general, a move higher in the Japanese Core CPI speaks in favor of a defensive equity allocation


Japan Watch #2: Ueda Is Under Increasing Pressure to Act