Schroders Believes that Scenario of a Stronger Yen "Is Consolidating"

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The asset manager Schroders believes that after decades of ultra-low interest rates and a persistently weak currency, Japan's macroeconomic scenario is beginning to change. The strategist, Tina Fong, believes that the medium-term scenario for a stronger yen is consolidating despite the Japanese currency, in the short term, continue under pressure. For Tina Fong, as the Bank of Japan (BOJ) gradually normalizes its monetary policy, the implication…