The announcement of the nominations for the new Bank of Japan leadership has been slow to materialize, but the nomination should be formally announced by the time this episode is published. Given it is likely that LDP political considerations have already been resolved we expect the Diet approval process to be quick. Are higher Dollar/Yen, Yen rates, Nikkei stock prices and wider Yen basis a good sign for the next Governor?
In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido discusses the BoJ leadership nomination, cross border securities flows and shares his views on spot Dollar/Yen, Yen rate, and Yen basis.
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