First of all, Wednesday Opec Declaration Agreement makes the atmosphere of the global financial market regression to the origin with a state of "frenzied" spectral "The government-bond market rout became serious
In November the largest selling off (selloff) occurred in the month in seven years on the US bond market
It was Thursday when the sharp crude oil prices and solid US manufacturing statistics (ISM PMI figures) poured oil on bond destruction
US Treasure Lee 10-year yield has closed at 2.444%, the highest figure in 17 months
Bond destruction from the US caused 10-year government bond price to collapse to bonds in industrialized countries around the world from Germany, France, UK, Denmark and Sweden
In the case of the 10-year German buntu, the interest rate was 0.378%, but again the highest bond yield since January
The record of the bond interest rate means that the bond price plummeted
Until the summer of this year, the world knows only weak growth (soft growth) and low inflation before the human race as a destiny put in front of human beings, so saluatojyo so that the value of bonds will continue to rise, the investment, investment The house bought it by buying government bonds of developed countries
It is a reversal of all this, Donald Trump, and OPEC and Russia's dramatic subtraction agreement reached on Wednesday is the dramatic subtractive agreement between Russia and the world that brought up the bubble expecting inflation from the United States to hit the spectrum The reduction agreement on financial markets, its "Pebakkant" evidence has been made
Bloomberg - Barclays index data on November alone, 1 trillion dollars evaporated in the world government bond market
Now Thursday oil is rising by 3.3% in the crude oil market oil prices are putting concern that inflation is realized
Experts' opinion that the 10-year Treasury interest rate will reach 3% during 2017 has come up to the opinion of experts There is no guarantee at all There is no guarantee The worker induces such a sense of fear and creates more Pokraqjang It seems to compile their own interests, the 10-year Treasury Bond Interest Rate 3% is the last cultivated land in early 2014
This kind of inflation expectation from the US and the accompanying rise in Fed's interest rate, therefore the resulting river dollar, is the country where Japan is regarded as the most profitable now
On Thursday, Nikkei in Japan updated the highest during the year
204.64 points rise (1.1%) and the Nikkei closing price was 18,513.12 It is called the high price since December 30, 2015
Thursday Japanese rally was also from Wednesday subtracting Opu, but looking at the essence, the fundamentally sustained Japanese market is still a trump winning prize
To overcome the growth policy the US president brought about by fiscal expenditure, Japan overwhelmingly beyond the sea
The biggest reason is the sharp fall in the yen value The sharp depreciation of the yen after the presidential election raised expectations for the improvement in the performance of Japanese exporters and the daily Nikkei index is rising
Unlike Europe, which is struggling with political unrest (expansion of the right-wing faction, the crisis of the euro), Japan's Shinzo Abe government is being evaluated as being very stable Abe is the fifth year of the administration I will enter
Suppose that such political stability makes the Japanese market more attractive than in the United States, where there is a vague sense of uneasiness in the Trump regime that has not been established yet, as well as in Europe
November 8 Nikkei Index rose 7.8% by December 1 after winning the cards
In the same period, Australia (S & P / ASX 200) has increased by 4.6%, Germany (DAX) by 1.5%, US (S & P 500) by 2.8%, UK (FTSE 100) is a track record of minus 0.9%
Japan's achievements are overwhelming
This kind of confidence in Japan is an economic advisor to Abe and is famous also for recent remarks to Honda Yue, the Japanese ambassador of Switzerland in the closest weekend Honda, also known as an avenomics designer, In an interview with the media, "The aggressive Keynesion policy (= fiscal expenditure policy) of the United States and the rise in interest rates inevitably bring about the dollar's rise, this will weaken the value of the Japanese yen To make it mean, it is a positive factor to the avenomics, "but the American media is miraculously looking at this Honda remark
First of all, although the US president did not take office as a whole, only lip service was done, but in terms of having made remarks that foreign powerful people are fully convinced of the success of the US presidential winner, for other reasons As Honda's US inflation has been steadily rising and creditor destruction continued, the bond market interest rate on the ground also rose together, and finally the Japanese bank (BoJ) and finally the wild curves of the current 10-year Japanese government bond interest rate 0% That's why you said you can raise the target value above 0%
Honda predicted that BoJ would also be able to raise the ten-year government bond interest rate target to the first 0.1% in history in the second half of 2017 Honda thought that this time even two months ago He was criticizing that BoJ monetary policy was not sufficiently relaxed
In other words, it was not about to speak of raising interest rates
In the case of
Even the same people as Foreign influential Etsushi Honda remarks to make the spectralization a pre-established fact, the value of the dollar is more spiked, the government bond interest rate is rising with more elasticity
Amid such strong market conditions in Japan, Japanese companies showed highly reliable cash flow, maximizing the shareholders' profit for strengthening dividends and share buy-backs. In fact, Toyota Motor announced a 200 billion yen share buyback plan on trump winning day
In addition, on Thursday, the Japanese Ministry of Finance announced that Japanese companies' investment in the third quarter increased year-on-year for the first time in one year Thursday The Japanese Ministry of Finance is a statistical value showing that the Japanese economy is growing
Currently, even if Fed raises interest rates on Earth, if Japan is the only country with growth potential, not Zero Interest, as soon as interest rates are reversed with the United States, as soon as the interest rate with the United States is reversed, worry about the outflow of the dollar It is a phase that must be
BoJ buys an ETF (exchange trading fund) of 6 trillion yen each year and levies the stock market BoK supports the unexpected facts directly, supporting the stock price directly
Among such river dollars, the country where the sudden depreciation of the domestic currency is rather blessed is Japan's only, it is also excellent in the performance of Japanese export companies, the only global fund in the United States is Japan I am not ignoring it
However, there are also expectations that Japan's booming economy will not be able to last long if the taste of individuals who emerged since the trump election, the confusion of the same playing policy is confused or the turmoil from Europe such as break sheets recurs
Although the cards can flourish and words can be deepened to the world market any number of times, after taking office, "Since the disadvantage of US companies, the US that does not look at the dollar higher than this, we will not tolerate the yen's depreciation" The situation can also suddenly change suddenly to Japan
Interestingly, according to Choi Kwon, who served as chief of the Ministry of Knowledge Economy of the Lee Myung-bak administration, the US believes that the US accepted the weakening of the Japanese Yen is due to the fact that the cost is set for expenses for rearming Japan, Deficits are bars to reduce defense spending and set up expenditure on fiscal expenditure, but supposing that Japan's rearmament is absolutely necessary in order to restrain China, suppose that you are enabling avenomics in the process
And it seems fun to predict that Choi's word Avenomics absolutely fails to predict Trump feverish words and words of Choi become reality
Also, the word that comes out aside, Abe will be referred to as the first foreign leader after returning to the face directly after the US presidential election. Even with only one picture posing while laughing with two people at a time, investors It is enough to have the trust of Japan that sympathizes with playing cards (Investors being hearted.)
In Korea, it is surprising again whether Abe was subject to contempt as long as it had such ability
Whether trumps are true Japan friends may be seen in the future but as it is clear that it will continue booming BoJ's rate hike in the second half of next year as it is said on the Honda Yu Furnace, It will not be too late to invest in the Japanese fund now