Can the Yen Stay Strong?

We are at an important crossroads in history. The pandemic might seem like it’s behind us but we have a raging war in Europe, unprecedented sanctions, currency crises, inflationary pressures, and volatile markets. There are early signs of a shift away from the dollar and uncertainty about the US led global order.

So what does all this mean for India and the world? We caught up with Debashish Bose, Managing Director—Public Equities at Oaks Asset Management, to make sense of it all.

In this conversation, Debashish talks about:  

1. How money is created in the modern world 

2. The geopolitical divide 

3. Fall of Yen and Japan’s currency conflict 

4. Limited power of central banks  

5. Cracks in the current dollar-dominated system 

6. Advice for investors and much more

Debashish had come on the show previously and we had talked about making sense of the macroeconomic developments in the world. You can check out that conversation here:

You can follow Debashish on Twitter for more. We hope you enjoy this insightful conversation as much as we did, recording it 😀  

Timestamps  0 - Introduction  

1:34 - Creation of money  

10:14 - Financial repression 

 11:50 - The geopolitical divide  

16:33 - Japan’s currency conflict  

27:43 - Do central banks have enough power?  

32:34 - Is the dollar system breaking?  

40:10 - China, Russia and deglobalisation  

47:46 - Bretton woods III? 

55:00 - What to do as an Indian investor  

1:08:30 - What about gold?

If you have any questions or thoughts about the topics discussed, post them on TradingQnA.

If you enjoyed listening to this episode, do let us know at @zerodhaonline on Twitter.