SUBSCRIBERS
Asia's rich told to buy yen as BOJ's negative rates backfire
Published Fri, Feb 12, 2016 · 09:50 PM
Singapore
MONEY managers for Asia's wealthy families are favouring the yen as it benefits from the turmoil in global financial markets.
Credit Suisse Group AG is advising its private banking clients to buy the yen against the euro or South Korean won because the Japanese currency remains undervalued versus the US dollar.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Credit Suisse China securities joint venture says staff down 46% in 2023
More than 90% of stablecoin transactions aren’t from real users, study finds
RBA to keep key rate at 12-year high as inflation stirs anew
Buffett praised Apple after trimming it, drops Paramount stake
Westpac net profit falls 16%, announces additional A$1 billion buyback
Nomura, Mizuho face losses on All Blue fund’s failed trades