LOCKED Positioning for the Next Cycle: Jeff Uscher on Japan and Global Markets

In this conversation, MI2’s Harry Melandri sits down with colleague, Jeff Uscher, to explore the global consequences of a profound shift in industrial policy—and why Japan is rapidly becoming central to the macro narrative. Harry presents Jeff as a uniquely valuable member of the MI2 team, highlighting his fluency in Japanese, his unparalleled access to policymakers, and a 45-year career spanning trading desks, Grant’s Interest Rate Observer, and Medley Global Advisors. Jeff’s ability to interpret the intersection of policy, markets, and corporate behavior sets the tone for a wide-ranging discussion on capital flows, equity markets, and monetary dynamics.