3min chapter

HSBC Global Viewpoint: Banking and Markets cover image

Under the Banyan Tree – Stocks up, yen down: Putting Japan in context

HSBC Global Viewpoint: Banking and Markets

CHAPTER

The Bank of Japan's Ultra-Loss Monetary Policy

The yen has depreciated about 11 or 12% since the beginning of this year. The US-Japan yield differential continues to be very unsupportive for yen. Joey too, our resident yen expert and all Asian currencies besides. When we come back, we'll take this up with Joey.

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