In this special edition episode of Market Depth, Weston Nakamura presents what lies ahead for a historic and critical month of April 2023 in global financial markets, as leadership change at the Bank of Japan will see the end of Governor Kuroda, the last major central banker of the QE era, and the start of little known incoming Governor Ueda. Weston does a deep dive into the state of Japan investors - the world's largest foreign capital allocators, and their behavioral traits. As uncertainty, volatility and risk builds up by the day as time closes in on Ueda's first meeting as the new BOJ head at the end of April- Weston also gives his personal views on what lies ahead for Bank of Japan and the ensuing market impact.
Weston also gives a quick take on the Reserve Bank of Australia, who decided to pause their rate hiking and assess the "Long and variable lags," joining their policy leading peers at Bank of Canada and the Bank of Korea "on hold," and implications for the Fed and ECB.
Additionally, Weston makes parallels between OPEC's surprise production cut that sent crude oil prices soaring, and the Bank of Japan - the "OPEC of global fixed income."
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Disclaimer: Nothing discussed on Market Depth should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
