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G7 Gives Bank of Japan Stimulus the Green Light

Stocks in this article: FXY YCL YCS HMC SNE TM

Stock trends like this are expected to continue for Japanese exporters as long as Bank of Japan is able to move forward with its stimulus programs, with the intention of ending 15 years of deflation in consumer prices. This month's G7 meeting supports this outlook, as Japan managed to avoid peer criticism and public censure despite the clear results its reflationary policies are having on its currency values. A weaker yen means broader support for Japanese export companies, and a bullish bias should be attached to this sector for the remainder of the year.


At the time of publication the author held no positions in any of the stocks mentioned.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

Richard Cox is a university teacher in international trade and finance. His articles appear on a variety of Web sites, including MarketBulls.net, Seeking Alpha, FX Street and others. Investing strategies are based on technical and fundamental analysis of all the major asset classes (stock indices, currencies and commodities). Trade ideas are generally based on time horizons of one to six months.
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