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Bloomberg Surveillance

Japan Markets Could Be in a Period of 'Fresh New Start,' Vail Says

Bloomberg Surveillance

Bloomberg

Business News, News, Investing, Business

3.81.2K Ratings

🗓️ 23 October 2017

⏱️ 39 minutes

🧾️ Download transcript

Summary

John Vail, Nikko Asset Management's chief global strategist, says Japan is pessimistic about their own economy, but the markets could be in a period of a "fresh new start." Prior to that, Torsten Slok, Deutsche Bank's chief international economist, says the big thing to look out for from the ECB is an end date to QE. Finally, Lupin Rahman, PIMCO's executive vice president of sovereign credit, says politics are a source of alpha within emerging markets.

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Transcript

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0:00.0

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You get context.

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And context changes how you see things, how you change things, because context changes everything. Go to Bloomberg

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dot com to get context. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene with David Gura.

0:44.8

Daily, we bring you insight from the best of economics.

0:47.9

Finance, investment, and international relations.

0:50.9

Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course,

0:57.0

on the Bloomberg.

1:00.0

We kick things off this morning with Torsten's lot. He's here in our Bloomberg 1130

1:05.8

studios. He's the chief international economist at Deutsche Bank. Great to have you with us.

1:10.0

And let's start with this election in Japan. Let me get your thoughts on sort of howanned out better than I think the the snap

1:15.6

election in the UK a few months ago did for for the person who called it. What does it mean

1:19.5

for the economy looking at as though it seems like a

1:22.7

Shinsuabe is going to continue with another term as

1:24.3

Prime Minister.

1:25.0

Yeah, I mean as usual investors want a continuation of current policies.

1:30.3

In some cases of course they want change but in this case the mandate seems to be strong of

1:34.4

a evenomics to just continue pushing on in particular the third error of doing structural reform

1:38.8

of helping liberalizing labor markets, liberalizing product markets get the economy more competitive.

1:43.5

So I think the first point is that yes, this will continue your current policies and I think

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