atans1

Tan Kuku for tsunami of Jap $ in 2014

In Japan on 10/12/2013 at 5:42 am

When the BOJ under governor Haruhiko Kuroda launched its monetary base-doubling quantitative and and qualitative easing (QQE) policy in April, there were strong expectations that a “tsunami” of Japanese funds would rush into Southeast Asia in search of higher yields.

So far, that has not happened even though Japanese institutional and individual investors are said to be eager to increase their exposure to Southeast Asian markets. A principal reason for their hesitancy, officials say, is Japanese investors’ fear of being exposed to exchange rate risk.

As a result, there is “intense discussion going on now between Japanese and Asean officials on ways to improve and enlarge the (currency) hedging markets” in Asean, according to Iwan Aziz, head of the Office of Regional Economic Integration at the Manila-based Asian Development Bank (ADB).– BT report last week

Well can tan kuku for an agreement. Asean officials more noted for talking cock than doing something, anything.

And anyway, this region will not be flavour of the month early next yr. The West is. Don’t count on a wall of Jap money.

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