Founder and CEO, Europacifica Consulting

Naomi Fink

Founder and CEO

Europacifica Consulting

Macroeconomics

<p>Recent large government privatisations (Japan Post and JR Kyushu) have brought with it a positive tendency, as we pointed out in <a href="https://www.smartkarma.com/insights/the-reflationary-role-of-ipo-s" target="_blank">The Reflationary Role of IPO’s</a>. Very closely related to the reflationary aspects of large privatisations is the Holy Grail of reflation, the diversification of household balance sheets from cash (a risk-averse strategy) to risk assets.</p><p>Inflation expectations are highly autoregressive – that is to say, deflationary consumption and saving behaviour tends to get…</p>

Recent large government privatisations (Japan Post and JR Kyushu) have brought with it a positive tendency, as we pointed out in The Reflationary Role of IPO’s. Very closely related to the reflationary aspects of large privatisations is the Holy Grail of reflation, the diversification of household balance sheets from cash (a risk-averse strategy) to risk assets.Inflation expectations are highly autoregressive – that is to say, deflationary consumption and saving behaviour tends to get…

Sumitomo Mitsui Financial Group (8316 JP)

Mitsubishi UFJ Financial (MUFG) (8306 JP)

Sumitomo Mitsui Financial Group (Sponsored Adr) (SMFG US)

Sumitomo Mitsui Financial Group (Sponsored Adr)

Tokyo Kiraboshi Financial Group (7173 JP)

Mitsubishi UFJ Financial (MUFG) ADR (MUFG US)

The Holy Grail of Reflation: "from Savings to Investment"