Japanese life insurance company earnings suggest stabilization of global credit and equity markets as major central banks pull back support: The MUFG Global Markets Podcast

The state of emergency covering 10 prefectures across Japan will not be lifted early. However, the Nikkei stock and JGB markets have not reacted noticeably. Deliberations among Japanese politicians will soon come to a head as the end of the current ordinary Diet session draws near, and preparations for the Tokyo Assembly election in early July have gotten underway. This is a good time for investors to chew over the FY20 earnings results of Japan’s financial sector, and think ahead to what is to come for JPY cross-asset market pricing.

In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido discusses Japanese life insurance companies’ investing flows and the impact on markets based on analysis of their FY20 earnings. He also shares his views for the front-end of the JGB curve as well as Dollar/Yen, Yen rate, and Yen basis more generally.

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