Japanese Shares on Holiday Even Before Golden Week

The video discusses the yen's impact on the stock market, highlighting the Topix index's recent activity and the anticipation of a holiday. It examines the Asian market rally, driven by the Fed's dovish pivot and trade deal optimism, but notes concerns about slowing economic growth. Financial institutions are preparing for Golden Week by considering trading on US or European securities. The BOJ's recent policy decision, including the potential for an ETF lending facility, is also analyzed, noting its implications for market liquidity and risk.

What has been the trend in the Topix index over the past nine trading days?

• Significant price swings

• Rapid increase in value

• High trading volumes

• Stable with less than one percentage point change

Which factor was NOT mentioned as a driver of the market at the start of the year?

• Federal Reserve's dovish pivot

• Optimism about a trade deal

• Concerns about inflation

• Strong Asian market rally

How are financial institutions preparing for the Golden Week holiday?

• Investing heavily in the yen

• Closing all operations

• Allowing trading on US or European securities

• Increasing domestic trading

What was perplexing for traders about the BOJ's recent policy decision?

• Introduction of a new interest rate

• Possibility of an ETF lending facility

• Increase in bond purchases

• Reduction in foreign exchange reserves

What is a potential risk associated with the BOJ's ETF lending facility?

• Risk of shorting

• Boost in economic growth

• Higher interest rates

• Increased market liquidity