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USDJPY and Japanese stocks on the rise: Jakobsen
Steen Jakobsen, chief economist at Saxo Bank, outlines why we could see a rise in USDJPY and Japanese stocks.
According to Jakobsen, the Bank of Japan's Kuroda was hawkish at Jackson Hole with regards to helicopter money - or directly underwriting the budget deficit.
Jakobsen does find it troublesome that the Japanese government and Treasury is increasing its share in Japanese stocks, but in the short term he believes the market reaction will be positive.
01:36 minutes
Tags: bank of japan, boj, dollar yen, helicopter, japan, japanese yen, kuroda, saxobank.com, saxotradergo, steen jakobsen, tradingfloor.com, usdjpy, yen
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