In Japan, I expect the monetary policy authorities to get increasingly bold. After all, they are already heralding their recent achievements in confronting deflation. And yet, the accomplishment of 1% inflation pales in comparison to its 2015 goal of 2%. With a looming sales tax to sap some of the strength of consumers, expect the Bank of Japan (BOJ) to print its yen like there’s no tomorrow. That should in turn send WisdomTree Hedged Japan Equity (DXJ) on another remarkable rise at some point in 2014, in much the same way that DXJ skyrocketed from 10/12-5/13.
- Poll of the Day