Is BOJ’s Negative Interest-Rate Policy Causing Concern?

Any lull in the yen’s rally past 100 per dollar is being seen as a buying opportunity for Japanese investors who say the developed world’s strongest currency this year will stay supported until the Federal Reserve resumes raising interest rates. The yen touched a seven-week high of 99.54 on Aug. 16 only to end the day at 100.31 amid speculation its strength would add pressure on the Bank of Japan and the government to help stem the advance. The yen has strengthened 20 percent this year, the best performance among Group-of-10 currencies. The BOJ last month disappointed investors by leaving two key policy tools -- bond purchases and the negative interest rates -- unchanged. Coutts Chief Investment Officer Alan Higgins discusses with "On the Move" host Guy Johnson.

Full Show: Bloomberg Daybreak: Americas (09/20)
13:06 - Bloomberg Daybreak: Americas hosted by David Westin, Jonathan Ferro, and Alix Steel. Guests include Stephen Ross, chairman at Related Companies, John Ryding, chief economist at RDQ Economics, and James Sweeney, chief economist at Credit Suisse AG. (Source: Bloomberg)
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