In this webcast, Dhaval will give an update on his key views for 2025. The discussion will include:
Why the US is heading into ‘mini stagflation’.
Why the BoJ must hike interest rates, and the global consequences.
The outlook…
Preliminary estimates of Q4 real GDP growth in Japan was stronger than expected, rising to 2.8% q/q annualized from 1.7% in Q3. Domestic demand remained strong, and the GDP deflator increased to 2.8% y/y. Japan’s economy is…
The January Tokyo CPI came in stronger than expected, with headline inflation accelerating to 3.4% y/y from 3.0%, and “core core” (ex. fresh food and energy) accelerating to 1.9% from 1.8%. The jobless rate also decreased 0.1% to 2.4…
In today’s Strategy Insight, we discuss the monetary policy outlook for the Bank of Japan, following the 25-bps rate hike overnight, and what it means for JGBs and the yen.
The Bank of Japan hiked rates by 25 bps as expected to 0.50%, or a 17-year high. The BoJ is currently the only G10 central bank in a hiking cycle, as the hot labor market creates sustained domestic price pressures. …
To kick start our new research agenda at Equity Analyzer, we welcome you to our weekly screener report. Each week we will deliver three screeners highlighting stocks exposed to various macro and investment views and themes, that have…
Our Counterpoint Strategy team sees Japanese real yields as the key risk to global equities. Rising inflation expectations in developed markets, excluding Japan, will keep inflation above target and limit further rate cuts.…
In most developed economies, rising inflation expectations will lift them further above the 2 percent target, limiting the scope for further interest rate cuts. But in Japan, rising inflation expectations will lift them up to the BoJ…
Paradoxically, raging optimism on the US economy is making a reacceleration in growth less likely in 2025. The reaction of the bond market has made the Fed rethink its cutting campaign. Markets are also constraining Trump’s agenda.…
In this webcast, Dhaval will discuss the most important things about 2025 that people are NOT talking about… yet