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Last week, Prime Minister Abe decided to step down for personal health reasons. His record-breaking long- and stable grip on Japanese power has set a very high bar for his successor. Jesper Koll explains why Abe will be a hard act to follow on both the domestic and global stage.
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Last week, Prime Minister Abe decided to step down for personal health reasons. His record-breaking long- and stable grip on Japanese power has set a very high bar for his successor. Jesper Koll explains why Abe will be a hard act to follow on both the domestic and global stage.
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2020 is poised to be a great year for Japan. Exports get lifted by the re-acceleration of Chinese demand; and domestic demand surprises on the upside because of strong business investment, fiscal support and a steadfast rise in the purchasing power of Japanese employees. However, there will be surprises not captured by the quantitative models of the experts or the current consensus “wisdom” of the crowds.
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The damage done by Typhoon Hagibis to Japanese private and public infrastructure raises the likelihood of sizable fiscal stimulus coming within the next weeks. A new fiscal stimulus could boost domestic demand in general, banks and value stocks in particular.
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2019 is likely to be a good year for Japan. However, there are some outlier scenarios investors may worry about. Improbable as they may seem, any movement toward their far-out direction will force a true about-face in the current consensus. Jesper Koll outlines 10 potential surprises for Japan in 2019.
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Today's re-confirmation that Prime Minister Shinzo Abe will continue to be Japan's Prime Minister for another three years bodes well for Japan's economy in general, Japanese risk assets in particular.
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The Bank of Japan (BOJ) de-facto eased policy at their latest board meeting on 31 July 2018. On top of their long-standing policy of quantitative and qualitative ease, they made clear their commitment to allow a de-synchronization between US rates rising and Japanese rates staying anchored around zero.
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