Strength of JPY Key But Unpredictable
Dr Michael A Yoshikami
09-Oct-13 09:59
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On International Market Watch Dr. Michael A. Yoshikami, Founder & CEO of Destination Wealth Management in San Francisco joins us to discuss consumer confidence in the US and Chinese and Japanese anxiety over a default on US Treasuries.
He comments on Japan’s Government Pension Investment Fund and its overexposure to bonds, Japan's 64% year on year fall in current account balances possibly leading to a deficit and that the yen's strength will largely determine what happens.
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Tags: us consumer confidence, treasury, japan, yen, jpy