The Bank of Japan’s adoption of an explicit 2% inflation target, as called for by the new government, has revived talk of “currency wars”, especially as this new target will be backed up by “open...

Despite the hype about “bold moves” and “unlimited easing”, the markets have been underwhelmed by the announcements made by the Bank of Japan today. This muted reaction makes sense, as there was...

We have reviewed our key market forecasts. The new numbers are presented in the table on the next page. While we still expect government bond yields in the major developed economies to remain very low...

The yield of the JP Morgan EMBI+ index recently fell to its lowest ever level, prompting claims that a bubble is forming in dollar-denominated emerging market bonds. Although we think the current...