The Bank of Japan’s unsurprising move last Friday is a relief for banks, but fund managers are not adjusting their portfolios.
Investors are not convinced that exchange-traded funds tracking Japanese companies that invest in human capital, as promoted by Bank of Japan, are attractive.
In a video interview, Jiek Sohn, investment director at M&G Investments, talks about the impact of the coming US rate hike on European bonds.
The Japanese prime minister’s slumping approval rate and grim Q2 GDP data is likely to push the Bank of Japan to resume monetary easing before the end of this year, Pioneer Investments said in a research note.
While ‘momentum investors’ are pushing into the market, others are more sceptical about the immediate impact of Abenomics.
Japanese stocks rocketed to a seven-year high on Friday, while the yen plummeted after the Bank of Japan decided to further ease policy in reaction to the continuing