Japan Specialist

Mark Chadwick

Over 20 years experience in equities and asset management in Asia and Japan. Qualified CFA with experience analyzing companies as a buy-side analyst. In-depth knowledge of company fundamental analysis, corporate governance and valuations.

Thematic (Sector/Industry)

Japan Industrials / Thematic (Sector/Industry)

<ul>
<li>
JGB yields surged: The 10-year yield breached 3.0%, driven by oil prices, fiscal concerns and rising expectations of a BOJ rate hike. </li>
<li>
Yen reversed sharply: The currency strengthened to ¥156.25/$ amid intervention speculation and broad dollar weakness, despite earlier falling towards ¥160/$. </li>
<li>
Equities whipsawed: The Nikkei fell 2.1% as higher yields and a stronger yen pressured growth stocks, while strong domestic data offered some support.</li>
</ul>



JGB yields surged: The 10-year yield breached 3.0%, driven by oil prices, fiscal concerns and rising expectations of a BOJ rate hike. 

Yen reversed sharply: The currency strengthened to ¥156.25/$ amid intervention speculation and broad dollar weakness, despite earlier falling towards ¥160/$. 

Equities whipsawed: The Nikkei fell 2.1% as higher yields and a stronger yen pressured growth stocks, while strong domestic data offered some support.


Japan Weekly Strategy | Bonds Buckle, Yen Rebounds and Equities Dip