Last quote by Takuji Okubo
In our view, the Trump administration is quite canny to set its eyes on the yen. The threat to put an upward pressure on yen will prove to be a valuable bargaining chip to force Japan to open its domestic market to U.S. exports, such as agricultural products and service sectors.
Feb 07 2017
Find all of Takuji Okubo’s quotes that have been published in 9 different articles on this page. Takuji Okubo’s quotes are organized by date and topic, making it easy for you to compare, for example, what Takuji Okubo has said both recently, and in the past, on a variety of topics. Some of the topics Takuji Okubo likes to comment on include BOJ, Japan and power. Most recently, Takuji Okubo said, “In our view, the accusation is essentially valid. Japanese policy makers have been guiding, if not manipulating, the yen lower in the last four years. While it is true that Japan has not directly intervened in the foreign exchange rate market, Japanese government officials clearly prefer weaker yen, say so explicitly from time to time and they have taken measures they know would influence the yen to weaken.”.
Quotes by Takuji Okubo
Feb 07 2017
In our view, the accusation is essentially valid. Japanese policy makers have been guiding, if not manipulating, the yen lower in the last four years. While it is true that Japan has not directly intervened in the foreign exchange rate market, Japanese government officials clearly prefer weaker yen, say so explicitly from time to time and they have taken measures they know would influence the yen to weaken.
Feb 03 2017
The market has interpreted that that BOJ was basically allowing it, and not trying to constrain the 10-year yield. The market was basically testing how strongly the BOJ feels about the 10-year interest rate guidance.
Nov 21 2016
I don't think we should be much worried about that. But then these events do reinforce the idea that there are issues with having nuclear power in Japan. So there could be another rise in the sentiment against nuclear power.
Nov 01 2016
I do believe that Abenomics has already failed and the market is starting to be aware of that.
Nov 01 2016
With the inflation rate currently at zero, I think it is no longer realistic. The BOJ would have to significantly delay its outlook to achieve its inflation target.
Sep 19 2016
I think the corporate bond market will remain active. The yield curve may be steepening now, but investors are hungry for yield and I expect to see a cycle back to flattening once the BOJ's intention has been clarified.
Jul 25 2016
It seems the 10 trillion yen fiscal stimulus was a mirage. The BOJ is likely to stop short of implementing drastic easing measures this Friday.
Jul 07 2016
The Japanese yen is appreciating from an extremely weak level and the yen has to appreciate much further before Japan could gain an implicit approval from other G7 countries. Past episodes of intervention suggest a unilateral intervention without implicit approval from other G7 tends to be ineffective.
Jun 24 2016
Japan could say it is helping to calm down the global markets. He expected the government would move if the dollar/yen currency pair fell to around 95. The rising yen will reduce corporate profits and directly lower prices in Japan. It's a direct threat to the inflation that the Japanese government has been aiming for.
Mar 28 2016
The JGB market is really in a bubble, when you think about it as an investment vehicle. Their prices have moved away from fundamentals, and people don't have a traditional way to measure their value.
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