A pedestrian holding an umbrella walks past an electronic stock board outside a securities firm in Tokyo, Japan, on March 2. Photo: Bloomberg
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Why coronavirus-fuelled yen strength is not an indication of Japan’s economic health

  • Last week’s jump reflects the unwinding of yen-funded long positions in US equities, not confidence in the Japanese economy or currency
  • Coronavirus-related disruption to global supply chains and a drop in tourism will hit Japan’s economy hard

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A pedestrian holding an umbrella walks past an electronic stock board outside a securities firm in Tokyo, Japan, on March 2. Photo: Bloomberg
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