The intricate dance of Japan’s economic landscape unfolds as the weak yen propels a robust equity rally, fueled by foreign demand in 2023. However, a notable twist in the narrative emerges as asset managers, for the first time since May, express bullish sentiments towards the Japanese yen. This intriguing shift raises questions about a potential turning point in Japan’s economic trajectory.
The equilibrium is further disrupted by Japan’s Business Service Price Growth, which stubbornly holds at a 30-year high, as reported by Bloomberg. This anomaly injects an element of uncertainty into the broader economic narrative. The juxtaposition of a weakening yen driving equity momentum while asset managers express confidence in the yen’s resurgence paints a nuanced picture. Observers keenly await further developments, signaling a potential inflection point in Japan’s economic dynamics.
🇯🇵 Weak #Yen Fuels #Japan’s 2023 Equity Rally During Foreign Demand – Bloomberg
t.co/hJRxSgqmIx pic.twitter.com/SbLXrDwq2z— Christophe Barraud🛢🐳 (@C_Barraud) December 26, 2023
Asset Managers are now bullish on the Japanese Yen for the first time since May pic.twitter.com/EJGc6jEYYP
— Barchart (@Barchart) December 25, 2023
🇯🇵 #Japan’s Business Service Price Growth Holds at 30-Year High – Bloomberg
t.co/fT1dDpyKcO pic.twitter.com/w73oekAlgh— Christophe Barraud🛢🐳 (@C_Barraud) December 26, 2023