Dollar-denominated emerging market bonds aside, most risky assets began the New Year with a bang amid a further easing of tension in the euro-zone and broad-based signs of improvement in global economic data. Japan’s stock market was once again the star performer among those in the major developed economies. It benefited from a further sharp fall in the value of the yen, both before and after the Bank of Japan announced open-ended easing to meet a new higher inflation target.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services