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Real Vision: Finance & Investing

Bank of Japan Leaves Capital Markets Shook

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.11.1K Ratings

🗓️ 20 December 2022

⏱️ 39 minutes

🧾️ Download transcript

Summary

The Bank of Japan’s surprise move to change its policy and allow the 10-year JGB yield to move 50 basis points on either side of its 0% target, caught global markets off guard. In this deep dive, Weston Nakamura tells us what we’re all missing in the central bank’s slightly more hawkish tone. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

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0:03.6

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0:08.0

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0:13.8

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0:16.0

Krakow is maybe subject to capital gains tax and the value of cryptocurrencies can go down

0:19.7

or up.

0:28.5

Global macro never disappoints today.

0:32.3

It's Tuesday, the 20th of December and we've had an action packed day with Bank of Japan

0:38.9

out with a message in the very early morning, now allowing the 10-year bond yield to trade

0:44.5

up to 50 basis points and oh boy, we've had global ramifications of this decision from

0:51.5

Bank of Japan.

0:52.5

So today we're going to ask the question, did the Bank of Japan just wreck Paul's plan?

0:58.4

And I'm joined by a couple of great guests today to discuss this question.

1:03.6

First of all, welcome to our editor in Tokyo, Western Nakamura.

1:08.5

Good morning, Chairman, how are we?

1:12.2

Good, good to have you on a day with a lot of action from Japan, but also a warm welcome

1:18.0

to Dale Pinkard, the head of trade at development at Trade Gate Hub.

1:22.6

Thank you very much, Andrew, it's great to be with both of you guys.

1:26.6

But before we get started, if you've been wondering what the hell to get people for Christmas,

1:31.9

I've got an idea, what about a real vision membership?

1:36.0

You can do exactly that if you head to www.realvision.com slash give a gift.

1:42.9

It's the perfect gift if you ask me.

...

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