https://risksandreturns.com/category/japan/ In search of asymmetric trading opportunities… en-US https://risksandreturns.com/2016/05/24/boj-soon-to-take-its-deflation-fight-to-another-level/ https://risksandreturns.com/2016/05/24/boj-soon-to-take-its-deflation-fight-to-another-level/ Tue, 24 May 2016 17:36:22 +0000 I believe Japan’s aggressive monetary policies will continue to reward those who invest in its stock market. To review, the first arrow of Japanese PM Shinzo Abe’s “three arrows” of economic policy, aggressive monetary easing, was implemented by BOJ governor Haruhiko Kuroda to eradicate Japan’s long-standing deflationary pressures. In April 2013, soon after Kuroda became Governor, the BOJ introduced “Qualitative and Quantitative Easing” (QQE) which has since been expanded. Currently, the BoJ is buying annually 80 trillion yen of JGBs, 90 billion yen of JREITS, and 3.3 trillion yen of ETFs. The https://risksandreturns.com/2014/11/03/buying-nikkei-futures-priced-in-usd/ https://risksandreturns.com/2014/11/03/buying-nikkei-futures-priced-in-usd/ Mon, 03 Nov 2014 18:05:32 +0000 I tweeted on Thursday that I thought that there was a greater than expected chance for the Bank of Japan to positively surprise markets and increase its QE program. The BOJ did increase its QE amounts and I tweeted that I bought Nikkei futures as the market exploded higher. https://risksandreturns.com/2007/03/09/japanese-individuals-getting-in-on-the-yen-carry-trade/ https://risksandreturns.com/2007/03/09/japanese-individuals-getting-in-on-the-yen-carry-trade/ Fri, 09 Mar 2007 21:23:14 +0000 The WSJ reports that Japanese individuals are engaging in the yen carry trade, too. https://risksandreturns.com/2007/02/14/buying-the-yen-etf/ https://risksandreturns.com/2007/02/14/buying-the-yen-etf/ Wed, 14 Feb 2007 21:03:57 +0000 In my previous post I mentioned that I was sitting on 20% cash. Today I decided to use almost all of that cash to buy the CurrencyShares Japanese Yen Trust (NYSE:FXY) for $82.75 per share. In effect, I am still in cash — albeit yen rather that dollars. https://risksandreturns.com/2007/02/01/yen-carry-trade-could-end-in-2007/ https://risksandreturns.com/2007/02/01/yen-carry-trade-could-end-in-2007/ Thu, 01 Feb 2007 21:12:35 +0000 The yen carry trade has been a major source of global liquidity since 2001 when Japan’s central bank cut rates to nearly zero while managing the US dollar-yen exchange rate. It’s intention was to stimulate Japan’s consumer spending and exports.