The decade of India?
India inks ‘watershed’ $100 billion free trade deal with four non-EU nations. India will lift most tariffs on several sectors with Switzerland, Iceland, Norway and Liechtenstein in a free trade agreement. New Delhi expects the agreement to generate $100 billion worth of investment over 15 years and 1 billion jobs in the world’s fifth-largest economy. https://lnkd.in/eTG7n-ZW Source: CNBC
Bank of Japan boj now owns nearly 60% of the entire Japanese government bonds
Source: Game of Trades
Japan | Yen Gains With Bank Stocks as Wages, BOJ Remarks Boost Hike Bets – Bloomberg
The yen climbed to a one-month high and Japanese bank shares rose after wage data and a Bank of Japan board member’s remarks bolstered speculation the authority will raise interest rates this month. Japanese government bonds extended their drop as data from an auction of 30-year debt indicated weak investor demand for long-maturity securities ahead of the expected BOJ shift. Policy-sensitive two-year notes also fell, with their yield climbing to 0.195%, the highest level since 2011.
Apple's iPhone sales tumble 24% in China, its biggest Asian market, losing out to Huawei, according to Counterpoint Research data
Source: Bloomberg
Japan's Nikkei smashes 40,000 barrier as Asia markets track Wall Street gains
Source: HolgerZ, Bloomberg
Hedge funds are loading up on japanese stocks with the Nikkei at all-time highs
Source: Win Smart, CFA
Berkshire Hathaway's Japanese Investment Are Starting To Pay Off
Source : chartr, yahoofinance
In case you missed it: Japan’s Jan CPI overshoots expectations, w/headline coming in at +2.2% (vs. +1.9% expected and vs. +2.6% in Dec) while core rises 3.5% (vs. Street +3.3% and vs. +3.7% in Dec).
While these numbers pèrove that inflation remains sticky, inflation continues to come down and hit a 22-month low! Source: Bloomberg
