Daily Archives: February 24, 2013

The major event in the global financial markets in the coming week is likely to be the nomination of a new Governor for the Bank of Japan. Very rarely does the identity of a specific individual matter so much for future central bank policy as it does in Japan right now.

The incoming government of Prime Minister Shinzo Abe has succeeded in weakening the yen by 20 per cent, and raising the Nikkei by 28 per cent, since last October. For the first time in two decades, Japan seems to have a chance of escaping from the liquidity trap. Read more