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.