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NAB Morning Call

NAB Morning Call

Phil Dobbie

Start your day with the NAB Morning Call for the latest overnight key economic and market information straight from our team of expert market economists and strategists. This includes perspective on overnight news and market price action and the forces shaping movements in Australian and global markets in the days ahead.

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Categories: News & Politics

Listen to the last episode:

Friday 26th July 2024

Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here.

Things are changing in Japan. After decades of not much happening, suddenly everything is happening. Core inflation is up to 2.6%, the Yen is the weakest in a long time, the stock market has hit highs not seen since the eighties, and the BoJ has moved interest rates into positive territory. It all points to a win for Japan according to Harry Ishihara, a macro strategist contractor for Macrobond and Japan Exchange Group. Suddenly companies feel enabled to raise prices and offer higher wages, helping increase margins and drive investment. He calls it Japan’s Inflation Revolution. But will it last? Was this the shot in the arm the economy needed, and how much is being driven simply by a weaker Yen. What’s to stop that weakness being eroded and Japan’s competitiveness diminished? Harry provides some very useful insights into what’s driving the value of Japan’s currency and why a weaker Yen could be here to stay.

Hosted on Acast. See acast.com/privacy for more information.