from Global Investing:

A yen for emerging markets

January 4, 2013

Global Investing has written several times about Japanese mom-and-pop investors'  adventures in emerging markets. Most recently, we discussed how the new government's plan to prod the Bank of Japan into unlimited monetary easing could turn more Japanese into intrepid yield hunters.  Here's an update.

from Global Investing:

The Watanabes are coming

December 28, 2012

With Shinzo Abe's new government intent on prodding the Bank of Japan into unlimited monetary easing, it is hardly surprising that the yen has slumped to two-year lows against the dollar. This could lead to even more flows into overseas markets from Japanese investors seeking higher-yield homes for their money.

from Breakingviews:

South Korea’s next leader will face a currency war

December 19, 2012

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from Global Investing:

Emerging Policy-Hawkish Poland to join the doves

November 6, 2012

All eyes on Poland's central bank this week to see if it will finally join the monetary easing trend underway in emerging markets. Chances are it will, with analysts polled by  Reuters unanimous in predicting a 25 basis point rate cut when the central bank meets on Wednesday. Data has been weak of late and signs are Poland will struggle even to achieve 2 percent GDP growth in 2013.

from Breakingviews:

Europe, China holding back Asian export recovery

October 31, 2012

By Wayne Arnold

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from Global Investing:

Emerging Policy-the big easing continues

October 17, 2012

The big easing continues. A major surprise today from the Bank of Thailand, which cut interest rates by 25 basis points to 2.75 percent.  After repeated indications  from Governor Prasarn Trairatvorakul that policy would stay unchanged for now, few had expected the bank to deliver its first rate cut since January.  But given the decision was not unanimous, it appears that Prasarn was overruled.  As in South Korea last week,  the need to boost domestic demand dictated the BoT's decision. The Thai central bank  noted:

from Global Investing:

Emerging Policy: Rate cuts proliferate

October 11, 2012

Emerging market central banks have clearly taken to heart the recent IMF warning that there is "an alarmingly high risk"  of a deeper global growth slump.

from Global Investing:

This week in EM, expect more doves

September 24, 2012

With the U.S. Fed having cranked up its printing presses, there seems little to stop emerging central banks from extending their own rate cut campaigns this week.

from Global Investing:

Carry currencies to tempt central banks

September 18, 2012

Central bankers as carry traders? Why not.

As we wrote here yesterday, FX reserves at global central banks may be starting to rise again. That's a consequence of a pick up in portfolio investment flows in recent weeks and is likely to continue after the U.S. Fed's announcement of its QE3 money-printing programme.

from Global Investing:

Norwegians piling into Korean bonds

August 14, 2012

One of the stories of this year has been the stupendous rally on emerging local currency debt, fuelled in part by inflows from institutional investors tired of their zero or negative-return investments in Western debt.  Norway's sovereign wealth fund said last week for instance that it was dumping some European bonds and spending more of its $600 billion war chest in emerging markets.