CMC's Spooner Says Japan Seems Cheap Relative to Other Places

The video discusses recent PPI figures and their impact on market growth, highlighting a slowdown. It examines the potential reappointment of Haruhi Kokoro and its implications for Japanese investors, suggesting a neutral market reaction. The Japanese stock market is analyzed, noting its relative valuation and the influence of US 10-year bonds. The discussion concludes with the impact of monetary policy on the yen, emphasizing cautious tapering by the Bank of Japan and its effects on currency strength.

What was the recent PPI figure, and how did it compare to the consensus?

• 2.7%, slightly below the consensus of 2.8%

• 2.5%, above the consensus of 2.8%

• 2.9%, below the consensus of 3.0%

• 3.1%, matching the consensus

What are some challenges Japan faces in achieving its CPI target?

• High inflation and strong currency

• Aging population and global overcapacity

• Increasing foreign investment and trade surplus

• Low unemployment and high GDP growth

How might Haruhi Kokoro's potential reappointment affect the Japanese stock market?

• It could lead to a significant market downturn

• It is expected to have a neutral to positive impact

• It will likely result in a decrease in foreign investments

• It might cause a sharp increase in market volatility

What role do US 10-year bonds play in the current market environment?

• They are a source of stability for global markets

• They have no significant impact on Japanese markets

• They are a source of risk to all markets, including Japan

• They are primarily influencing European markets

What is the expected impact of Haruhi Kokoro's reappointment on the yen?

• It will cause the yen to fluctuate wildly

• It will have no impact on the yen

• It is expected to weaken the yen

• It is likely to strengthen the yen