-
Japan Financial System Report (October 2016)
In global financial markets, while investors' risk aversion temporarily heightened following the result of the U.K. referendum in late June -- in which a majority voted to leave the European Union (EU) -- calm gradually returned to markets thereafter. There are signs that search for yield activities are becoming active again, against the background of advanced economies' long-term interest rates at low levels. Careful attention should thus be paid to whether global fund flows suddenly change. Meanwhile, although there were phases during which developments overseas affected Japanese markets as seen particularly in ... (full story)