Nomura’s Koo: Weak Yen Tied to Slow BOJ Hikes

Nomura Research Institute Chief Economist Richard Koo, widely recognized for his work on balance sheet recessions and global macroeconomic trends, believes the fundamental cause of a weak yen is the slow pace of rate hikes by the Bank of Japan.… Nomura Research Institute Chief Economist Richard Koo, widely recognized for his work on balance sheet recessions and global macroeconomic trends, believes the fundamental cause of a weak yen is the slow pace of rate hikes by the Bank of Japan. He speaks with Yvonne Man and Minmin Low from the sidelines of 'Nomura Investment Forum Asia' in Singapore. (Source: Bloomberg)