25/09/23 – Bank of Japan – PMI – Trade deficit

Devon Head of Retail Greg Smith talks to Mike Hosking about the Bank of Japan’s decision to leave interest rates in negative territory, and what it says about the country’s historic battle with deflation over several decades. He also discusses global prints on economic activity which have come in particularly soft in Europe on the manufacturing side. Back home he observes another monthly trade deficit, and what might turn the situation around. For more market insights and our terms and conditions, visit www.devonfunds.co.nz