The yen jumped last week and so did Japanese government bond yields having their biggest rally in eight years amid today’s global deflationary setting. The yen-to-U.S. dollar could rise to 109.00 from the latest 101.56 by the end of third quarter.
Stimulus has been offered by the Japanese governement to funds like iShares MSCI Japan ETF (EWJ) that gained 1.4% to $12.10 to date dropping 5.91% on the year through August 1, 2016.
In other developments, Europe suffers from the worst income disparity in recent memory, especially among member nations. Germany is the undoubted leader of rising yearly income per capita, unlike middle-class downward reshuffling in Spain, Portugal, and Greece since the debt crisis of 2009.