Peter Berezin’s Thought Of The Day: The Doomer Narrative Around The Yen And JGBs Is (Mostly) Wrong
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The conventional wisdom attributes the fall in the yen and the rise in long-term JGB yields to growing fiscal concerns. This narrative, however, fails to explain why the Japanese stock market has risen by 29% in dollar terms since the start of 2025, outperforming the All Country World Index by 6%.
BCA Research | CoreMacro
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