FXstreet.com (Barcelona) - A brief note from Nomura offers their view on Japan over the coming months.
They see a robust recovery in private internal demand and note that external demand is also key for the recovery. Exports and consumption are expected to drop temporarily in Q3 on slower overseas demand and the end of eco-car subsidies.
They expect the BoJ to expand its APP and increase the pace of its asset purchases in Q1 2013 including risk assets like ETF’s. The biggest risk factors ahead for the nation are Yen appreciation, a worsen European debt problem and the US and China slowing.
They see a robust recovery in private internal demand and note that external demand is also key for the recovery. Exports and consumption are expected to drop temporarily in Q3 on slower overseas demand and the end of eco-car subsidies.
They expect the BoJ to expand its APP and increase the pace of its asset purchases in Q1 2013 including risk assets like ETF’s. The biggest risk factors ahead for the nation are Yen appreciation, a worsen European debt problem and the US and China slowing.
