Japan’s trade surplus at near six-year high

With all the industry activity rising in October and the past week’s all-industry and trade reports pointing to encouraging trends, Q4 is set to clock yet another quarter of positive GDP growth, opines Daiwa Capital Markets. Emily Nicol and Chris Scicluna point out in their December 21 research piece titled “Yen 4Sight” that with the Bank of Japan's yield curve control framework having been in place, the BoJ’s recent Policy Board meeting retained the policy rate at -0.1% while maintaining the 10-year yield target at around 0%.

Japan's all-industry output at 2-and-a-half-year high

Nicol and Scicluna highlight that the central bank will maintain the current rate of JGB purchases, with plans to enhance its holdings at an annual pace of...