Japan's debt and currency markets are at the mercy of a brazen prime minister and a central bank with a recently eviscerated independence.
For the first time in over two decades key asset markets in Japan - the Japanese yen, Nikkei, and Japanese Government Bonds - might no longer be a one-way bet. Prime Minister Shinzo Abe has spoken. His orders to the BOJ could serve to turn around a 23 year-long trend ... in a big way.
If so, this turn has only just begun. Opportunities abound!
The Prime Minister is making bold moves. The Bank of Japan threatened to slow Abe's agenda but a 2/3 majority in the lower house and new leadership appointments in April has given the BOJ little choice but to concur with the whims of Shinzo Abe.
- Could this be the catalyst that triggers a debt crisis in the third largest