It may not be the best idea to be overweight JPY

2023-11-22

Since the GFC, the JPY and the Japanese stock market have been rising and falling in near lockstep. If the nearly 10-year era of the weak yen is coming to an end, it may not be the best idea to be overweight this country.

Imagine if the JPY just goes back to its July 2023 lows of $137.50. That's a 7% haircut on currency translation alone if you're an FM buying Japanese equities.

Image

https://twitter.com/BrianTycangco/status/1726791983489073386

33-year high! Will you allocate Japan shares like Buffett?

Japanese shares hit three-decade high not seen since 1990 on Monday as strong earnings and offshore demand fuelled a three-week winning streak. -------------- Will you allocate Japan shares like Buffett? Will you buy Japan companies or ETFs?

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