A US$100 bill and 10,000 yen notes on display in Tokyo. HSBC expects the yen “to outperform many currencies going forward, but not necessarily the US dollar”. Photo: Reuters
A US$100 bill and 10,000 yen notes on display in Tokyo. HSBC expects the yen “to outperform many currencies going forward, but not necessarily the US dollar”. Photo: Reuters
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Japan’s economic outlook remains gloomy but the yen’s future could be bright

  • The combination of the pandemic, economic headwinds and tense relations with China might not seem encouraging for Japan, but appearances can be deceiving
  • The yen often exhibits safe haven characteristics, trading anti-cyclically and gaining in strength when investors are downbeat

A US$100 bill and 10,000 yen notes on display in Tokyo. HSBC expects the yen “to outperform many currencies going forward, but not necessarily the US dollar”. Photo: Reuters
A US$100 bill and 10,000 yen notes on display in Tokyo. HSBC expects the yen “to outperform many currencies going forward, but not necessarily the US dollar”. Photo: Reuters
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