The Bank of Japan Is Playing a Dangerous Game

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 28 April 2022

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Prices for assets of all kinds were up Wednesday, including stocks, commodities, and cryptocurrencies. The U.S. dollar continued to strengthen, and global bond yields marched higher. That’s despite the emergence of still more signs of underlying weakness, including Robinhood laying off 9% of its workforce. And Russia cut off natural gas supplies to Poland and Bulgaria in the latest escalation of the war in Eastern Europe. Meanwhile, the Bank of Japan will meet tomorrow to discuss monetary policy, as Governor Haruhiko Kuroda remains committed to an accommodative stance despite the yen’s historic weakness. China, too, is sticking with accommodation, as President Xi Jinping said the government will support major infrastructure projects in cities impacted by renewed coronavirus lockdowns. Darius Dale, founder and CEO of 42 Macro, joins Weston Nakamura to talk about financial markets, geopolitics, and the odds central banks are able to engineer a soft landing for the global economy. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3Lpk36q Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Welcome aboard this Air France podcast message. Air France and its crew invite you to discover
0:09.4	its business class cabin, where you can enjoy a full flatbed. For even more comfort, an
0:16.0	ultra soft duvet and pillow are at your disposal. Air France wishes you a pleasant podcast.
0:23.4	Air France book your business class tickets now at afrance.co.uk
0:35.4	Hey everyone, it's Wednesday, April 27th, 2022. Welcome to the real vision daily briefing.
0:43.4	My name is Weston Akamura and I am joined once again today by Mr. Darius Dale founder and CEO of 42
0:52.9	Macro. Darius, how are you sir? I'm doing well, man. You should have told me you were in a suit.
0:57.9	I wouldn't have worn one myself, but I would have definitely known.
0:59.9	This is these are my pajamas. This is how I sleep. You're always ready to go, man.
1:06.9	Really appreciate you guys you checking in on our Japanese hours. I know it's tough.
1:10.9	I mean, it's global hours, right? So it's all good. Now usually, you know, last few times you and I get together,
1:19.9	it's because the Japan had blown up that day. However, this time is different.
1:26.9	We might actually be front-running potential blowing up in Japan, or maybe not.
1:31.9	The reason I'm saying that is because tomorrow, we have a B O J Bank of Japan Monterey policy meeting,
1:38.9	which is probably the first one that's been in focus in years.
1:45.9	So we'll touch on that in, you know, in a moment.
1:52.9	But for now, just taking a look at markets as we're kind of closing up here,
1:58.9	it looks like US indices for the most part ended up more or less flat on the day,
2:03.9	giving up some, you know, in front of the gains Europe closed positive.
2:08.9	In Asia, you had a reversal in the Chinese indices and Chinese stock markets to the upside.
2:16.9	But again, this was following pretty severe sell-offs happening over the last several days,
2:23.9	which we can get into as well.
	...

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