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Single best idea. it is a podcast. Our strategy is to give you a podcast. It's sharp and focused. It's not 20 minutes. It's about six minutes long. We are humbled by what we have seen so far.

We're rolling it out very slowly figuring it out. And what we're going to do today is focus on one guest.

Dominic Constam is a tour to Forest with Parchman from Cambridge and Oxford.

He has been a fixture on the London New York axis for Global Wall Street for decades you'll hear about

that I hear later in Single Best Idea at Credit Suisse a number of other depots

well now at Missouo with Steve Vershudo. I can't say enough about the intelligence of his work.

I really only equated with Michael Mobison of Morgan Stanley is someone really trying to think bigger and broader. Today we went more narrow

with Dr. Constom and to begin we had to look at the Bloomberg headlines of

Japan unravelling. I don't want to overplay it but our Tokyo lines of Japan unraveling.

I don't want to overplay it, but our Tokyo News Bureau making clear that after one

intervention, after two interventions, and now the discussion of weaker Japanese yen will the government

intervene again as of this taping we do not see that but the fact is it is a Japan after an inflation and reflation experiment in some

form of modest crisis. Dominic Constam on Japan. I think it's too soon to say I think you can be sort

somewhat optimistic that Japan is getting out of its whole I mean you've now taken

interest rates back to like 2010- 2011 levels.

You know, there's been the lost decade,

the lost decades before sort of thing.

But they've kind of got themselves over that whole.

So I think the outlook for Japan is somewhat

constructive especially if they can get a virtuous circle of wage inflation

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