Big from Japan

Wednesday 21st December 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe Bank of Japan has broadened the tolerance for its yield control curve target. NAB’s Ray Attrill says it surprised markets because Governor Kuroda had previously stated they wouldn’t be doing that. So, why the change and why has it had such an impact on global bond and currency markets? The Australian dollar fell against a US dollar which was itself falling, in part because of the RBA minutes yesterday. We look at what was discussed. And in New Zealand, business confidence hit an all-time low (well since the survey started in the eighties). Also, in this last edition of 2022 Ray explains why this was a bad year for risk parity strategies. Hosted on Acast. See acast.com/privacy for more information.