Surveillance: BOJ Jolt with BNY Mellon's Yu
Bloomberg Surveillance
00:00
The Value Players' Dream in Europe
In Japan, 20% of the market sells for less than the cash on the balance sheet. The banks have moved first, obviously because its rates go up. That issue that you spoke of gets out doubt as we've seen with US banks. You say a value players' dream over in Japan. What about in Europe, which you have been overweight? Is there still avalue players' dream in an area that has disappointed in a way that the US has not? Yeah. To be clear, it was Jeff Yu who coined strategic ambiguity. I was just parroting a perfect explanation of central banks this week.
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