Akihiro Fukudome Believes Bank of Japan’s Monetary Policy to Remain Accommodative
Akihiro Fukudome, the new chairman of the Japan Bankers Association (President of Sumitomo Mitsui Banking Corporation), believes that the Bank of Japan’s monetary policy will remain accommodative for some time. The Bank also announced that it expects the policy’s interest rate to be raised “by 0.25% at most” over the next year. Mr Fukudome, who […]
Investors Bet on Europe to Lead Global Stock Rally as US Stocks Look Overvalued
Investors are betting that Europe will lead the next global stock rally, with US stocks looking overvalued and reminiscent of the dot-com bubble. Hedge funds are now increasing their exposure to European stocks by an all-time high compared to global benchmarks, according to data from Goldman Sachs Group. Mutual funds have also increased their allocations […]
The Collapse of Baltimore Bridge: Potential Unprecedented Insurance Payout
The insurance claim payout for the collapse of a major connecting bridge in Baltimore, Maryland, on the 26th, could be one of the largest in marine insurance history, said John Neal, CEO of Lloyd’s Insurance Association. “This could be one of the biggest maritime losses in history,” Neal said in an interview with Bloomberg News […]
Insurance Claims Soar in Wake of Baltimore Bridge Collapse: Analysts Predict Billions in Payouts
Insurance claims related to the collapse of a major access bridge in Baltimore, USA, could reach up to $3 billion (about 454 billion yen), and the UK’s global insurance market Lloyd’s of London The impact is expected to be particularly large . Barclays analysts analyzed this in a report. Insurance claims for bridge damage alone […]
Bank of Japan Advisor Naoki Tamura Expresses Intention to Normalize Monetary Policy Operations
On the 27th, Bank of Japan Advisor Naoki Tamura expressed his intention to slowly and steadily normalize monetary policy operations under the new monetary policy framework. He gave a lecture at the Aomori Prefecture Financial and Economic Conference. Commissioner Tamura praised the decision at the Monetary Policy Meeting on the 18th and 19th to review […]
The Yen’s Future Appreciation Concerns Diminish as Hedging Costs Decline
Concerns about the yen’s future appreciation are waning among investors. The change in the outlook for the yen is also reflected in the decline in currency hedging costs, with the Bank of Japan announcing that it will continue to maintain an accommodative environment while raising interest rates for the first time in 17 years. One […]
Federal Reserve Prepares to Support Jobs Market Amid Rising Inflation
When inflation rose in 2022, the US Federal Reserve moved to stop the wage spiral by raising interest rates. With the unemployment rate on the rise, the financial authorities have indicated their intention to cut interest rates to stop the downward spiral of job losses, even if inflation remains high for some time. At the […]
Accidental Americans Seek to Renounce Citizenship Due to Tax Reporting Requirements
There is a growing movement among so-called “accidental Americans” to renounce their American citizenship. An accidental American is a person who has US citizenship because he was born to US parents or because he was born in the United States, but does not live in the United States. The reason why such people want to […]
Goldman Sachs Raises Dollar-Yen Exchange Rate Forecast Due to Benign Macro Environment
Goldman Sachs Group has raised its forecast for the dollar-yen exchange rate. We expect a benign macro environment to weigh on the Yen in the coming months. In a report on the 22nd, strategists including Kamaksha Trivedi predicted that the dollar-yen exchange rate would be around 155 yen, 150 yen, and 145 yen to the […]
The Bank of Japan’s Interest Rate Hike Fails to Dampen Record Rise in Japanese Stock Market
The Bank of Japan’s interest rate hike, the first since 2007, did not slow the record rise in the Japanese stock market. This is because corporate performance in the export and domestic demand sectors is strong, and investors who feel strong about the future continue to feel safe. Securities company stock price board showing the […]
