Financial Times/Benjamin Shatil/2-20-2023
“But this risks missing the forest for the trees. The question to ask is not who, but rather why. Why has the administration of Prime Minister Fumio Kishida nominated a comparative outsider to lead the BoJ, breaking with a long-held tradition of rotating between appointments from the Ministry of Finance and from within the ranks of the bank itself?”
USAGOLD note: Is Japan headed in a totally new direction? Shatil, who is the head of Japan forex strategy at JP Morgan, says “sharp shifts in Japanese investor portfolios are also flashing amber.” Japan’s big institutions are capable of moving markets, so global money managers will be watching intently.