Pedestrians make their way through the Ginza shopping district in Tokyo. In contrast to the West, inflation expectations in Japan remain stubbornly subdued despite the Bank of Japan’s accommodative monetary policy. Photo: Reuters
Opinion
Opinion
Macroscope
Could the Japanese yen be a good reflation trade?
- While the yen retains its safe-haven attributes, Japan’s exporters should be well placed to benefit from the global post-pandemic economic recovery
- Japanese government bond nominal yields may not put off investors, given the different outlook for real yields
Pedestrians make their way through the Ginza shopping district in Tokyo. In contrast to the West, inflation expectations in Japan remain stubbornly subdued despite the Bank of Japan’s accommodative monetary policy. Photo: Reuters
