BlackRock says the yen’s weakness is turning foreign investors away from Japanese stocks

Comments from head of Japan active investments at BlackRock via a Bloomberg pice (Bloomberg is gated):“Investing in Japanese equities becomes harder if the currency continues to weaken,”“When you speak with global investors about Japan, FX is definitely top of mind for everyone.” Well, no. The Nikkei 225 Stock Average has jumped 14% this year. After taking into account the slide in the yen that comes back to around 3% for US dollar-based investors. Like BlackRock. However, not everyone is in the US. --More on the yen and Nikkei:JP Morgan highlights USD/JPY at 160 as key for Bank of Japan intervention This article was written by Eamonn Sheridan at www.forexlive.com.

May 13, 2024 - 04:45
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BlackRock says the yen’s weakness is turning foreign investors away from Japanese stocks

Comments from head of Japan active investments at BlackRock via a Bloomberg pice (Bloomberg is gated):

  • “Investing in Japanese equities becomes harder if the currency continues to weaken,”
  • “When you speak with global investors about Japan, FX is definitely top of mind for everyone.”

Well, no.

The Nikkei 225 Stock Average has jumped 14% this year. After taking into account the slide in the yen that comes back to around 3% for US dollar-based investors. Like BlackRock. However, not everyone is in the US.

--

More on the yen and Nikkei:

This article was written by Eamonn Sheridan at www.forexlive.com.
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