The only problem is that a stronger JPY and higher interest rates directly impede the BoJ’s efforts to break for good from Japan’s decade-long disinflationary vicious cycle; price stability is, after all, the BoJ’s primary mandate.
Aviva Investors’ Wakefield: Is Japan’s stock-market sugar rush sustainable?
For investors’ positioning in the Japanese markets, it is essential to understand how this “conflict” between the MoF and the BoJ eventually plays out.
Yen is cheap by any measure
The yen looks cheap based on any fundamental metrics. For example, according to the Real Effective…
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