CLSA’s global equity strategist, Chris Wood, says Kuroda has set the wrong inflation target and is impoverishing households, but suspects he will still extend quantitative easing.
Low government bond yields have driven the Reserve Bank of India to consider expanding into non-G7 sovereign debt and even investment grade paper, AsianInvestor hears.
Likening index-hugging investors to wildebeests, Richard Fisher, just-retired head of the Dallas Federal Reserve, says the central bank won’t get in the way of the lions.
The founder of research house Asianomics says a technology-driven boom in service industries in Asian emerging markets have made these countries more self-sufficient and less reliant on the West.
Now that central bankers seem comfortable with quantitative easing, there is likely to be more of it, says Curt Custard, head of global investment solutions at the Swiss firm.
Japan's quantitative easing and pension asset purchase measures may boost domestic and foreign stocks, but the export of deflation is seen a potential issue, particularly for Korea and Europe.
Matt Murphy of Eaton Vance sees major risk of consumer price deflation and recession in the US amid misunderstanding of Federal Reserve action and the strength of America's recovery.
Market opinion over the timing of tapering is divided, but even expectations of it are expected to divide better-placed North Asian markets from their South and Southeast Asian counterparts.
In one of the worst sell-offs since the European sovereign crisis in 2011, PMs and private banks took cue from the Fed's QE exit hints to cut their bond portfolios significantly.
The US Federal Reserve's exit from quantitative easing won’t spark emerging-market panic, as monetary tightening once did in 1994, believe investors, economists and analysts.
There is one risk they’re not focused on: resurgent economic growth raising the prospect of monetary tightening to fight inflation. It shows how hooked markets have become on QE.
In a speech at The Bankers Club in Hong Kong, Charles Evans of the Chicago Fed outlines why the US central bank needs to implement a more transparent and accountable policy.