So says their CIO just out on Reuters
- sees Nikkei 225 bottoming between 15000-16000
- will likely step up currency hedged foreign bond investment
- considering buying semi-core European govt bonds
- will likely buy more USD denominated credit products
Not expecting and it not happening are of course two different things but he's got a bit of wiggle room.
As ever in markets it takes two to tango and earlier Eamonn had this post on three banks declaring the yen's depreciation is over
USDJPY currently 113.88 tightly bound but with Nikkei up 4% at 16743 just off session highs.
