The Vanke news caught my eye, given their loan rejection is pretty telling about the state of China's property sector right now. Also intresting how the BOJ is prepping for a near term hike despite the political uncertainity there. Do you think a weaker yen is enough to push them into action soon?
Hi I reckon BoJ/MoF is happy to let the YEN weaken and rates rise as long as it's orderly. They need to get the banking system working better and if banks can lend long and borrow short, they'll be doing just that.
The Vanke news caught my eye, given their loan rejection is pretty telling about the state of China's property sector right now. Also intresting how the BOJ is prepping for a near term hike despite the political uncertainity there. Do you think a weaker yen is enough to push them into action soon?
Hi I reckon BoJ/MoF is happy to let the YEN weaken and rates rise as long as it's orderly. They need to get the banking system working better and if banks can lend long and borrow short, they'll be doing just that.