October 28, 2025

LOCKED Japan News Weekly Digest | 10/20 – 10/26

More content for you in an easily digestible format! The Japan News Weekly Digest is our weekly summary of the Japan Update. This piece encapsulates and references the Japan Updates published in the last week so you can easily understand what you may need to dig into. 

As a quick reminder, the Japan Update, our market commentary piece, is uniquely sourced from Japanese language publications. Published 10-15 times a month and written by Jeff Uscher, a Western educated and US located, fluent Japanese financial writer. You can always sign up to receive the Japan Update when it is initially published in your account notification settings. As always, please reach out with any questions or comments!

 

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LOCKED Part III: Questioning The Narrative – Markets

  • The current odds of Goldilocks are 20% with a recession 30% and higher inflation 50%
  • Recessions are “nasty” stocks fall, the curve steepens and reparation drives the $ down
  • If growth reaccelerates a “nice” rotation is possible but depends on Fed independence 
  • Whichever way this breaks the current soft landing pricing in markets is unlikely to last

 

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