report August 19, 2026 The Land of the Slowly Rising Coupon Japan's net interest payments will remain the lowest among the Indebted Five: US, UK, France, Italy and Japan... Japan Macro Advisors
report August 18, 2026 US-Iran | Another Trump TACO Tuesday Coming? Trump might be telling 'The Truth'... By Alessio Farhadi Speevr Intelligence
report August 17, 2026 Ten charts to Monitor the BoJ’s QE Exit — Part 1 I present BoJ QT monitor. In part 1, I focus on how far the BoJ's JGB ownership fell, who filled the gap and what happens to public sector debt duration when you consolidate BoJ reserves into it.... By Takuji Okubo Japan Macro Advisors
report August 13, 2026 The Case For Not Hiking–After Adjusting For Transitory Factors, Inflation Is Falling Towards 2% Beyond the headlines: Inflation's true trajectory suggests a pause on rate hikes... By Alan Brazil SOM Macro Strategies
report August 11, 2026 The BoJ’s Equity Bet Is Paying for QE Exit BoJ's ¥100+ trn equity ETF portfolio covers what it loses on its bonds. The same portfolio is the only channel through which the exit can break the Bank.... By Takuji Okubo Japan Macro Advisors
report August 11, 2026 Hormuz | The Doctrine Voice Enters the Theatre Rezaei's appointment to the SNSC — and why the Leader has changed who holds his seat... By Shahin Iraninejad Global South Strategic Intelligence
report August 11, 2026 Comment: The BoJ’s Equity Bet Is Paying for QE Exit A couple of points to add on Japan CIA and Yen carry trade ... By Alessio Farhadi Speevr Intelligence
report August 6, 2026 LDP signs off on tax cut, but broader fight is just beginning Takaichi's fiscal policies ignite domestic dissent and international scrutiny... By Tobias Harris Japan Foresight
report August 5, 2026 Comment | Hormuz: Who Writes the Rules of Passage? If Hormuz is a "depreciating asset," why is the U.S. fighting tooth and nail to retain control of it?... By Alessio Farhadi Speevr Intelligence
report August 5, 2026 Hormuz: Who Writes the Rules of Passage? How the SoH moved from physical closure to competing systems of permission, insurance and verification... By Shahin Iraninejad Global South Strategic Intelligence
report August 5, 2026 Good-bye USD Dominance, Hello Again JPY The yen has been making a quiet comeback as a global currency. As a share of global FX reserves, its share rose from 3.4% in 2009 to 5.8% in 2025, despite the headwind of yen depreciation.... By Takuji Okubo Japan Macro Advisors
report August 5, 2026 Hormuz | Quick Market Comment Situational awareness in a short squeeze. Beneath the Sea to the Rugs Beneath... By Alessio Farhadi Speevr Intelligence
report August 3, 2026 Takaichi buys time with joint intervention but tough decisions still await A currency alliance offers a reprieve, but Takaichi's fiscal vision faces scrutiny... By Tobias Harris Japan Foresight
report August 3, 2026 The Warsh Factor in the JGB Curve The US bond market is charging a risk premium as the new Fed chair obfuscates. About a quarter of that lands on JGBs, raising 10Y about 10bp at end-2026.... By Takuji Okubo Japan Macro Advisors
report August 1, 2026 US-Iran | An Eye For an Eye-Ran Quick update on drunk bar threats... By Alessio Farhadi Speevr Intelligence
report July 31, 2026 BOJ holds but anticipates higher inflation from multiple sources Hawkish Signals Point to September Hike, Aided by Political Climate... By Tobias Harris Japan Foresight
report July 31, 2026 GSWM | Mid-Year Outlook 2026: Resilience Reinforces the US Exceptionalism Thesis Revisiting GSWM ISG Investment Outlook 2026... By Alessio Farhadi Speevr Intelligence
report July 31, 2026 Japan Cashes In Its National Carry Trade Japan bought its dollars at ¥114 and is selling them at ¥160.... By Takuji Okubo Japan Macro Advisors
report July 30, 2026 Consumption tax decision sets stage for fall fireworks Takaichi's Tax Cut: Unilateral Action, Mounting Opposition... By Tobias Harris Japan Foresight
report July 27, 2026 The Case For Not Hiking Inflation Is Fading And What Remains Is Structural Not Demand-Driven... By Alan Brazil SOM Macro Strategies
The Case For Not Hiking–After Adjusting For Transitory Factors, Inflation Is Falling Towards 2%