Publications

Beware of the monetary regime change in Japan

Japan is emerging from three decades of stagnation and facing a monetary shift. Jean-Christophe Rochat analyzes the impact of the Bank of Japan's rate hikes and the risks weighing on financial markets and investors.

In his latest article published today on Allnews, Jean-Christophe Rochat, Chief Investment Officer, delves into the consequences of Japan’s monetary regime change. After decades of stagnation, Japan is experiencing moderate growth but now must navigate inflationary pressures and their impact on financial markets.

Jean-Christophe Rochat highlights the Bank of Japan's often-criticized timing and the potential risks for risky assets, especially regarding the Yen carry trade. This monetary shift could have international repercussions, especially with the prospect of a global recession and the upcoming U.S. elections.

👉 Read the full analysis, published on Allnews, on October 9, in French : Gare au changement de régime au Japon | Allnews

October 09, 2024

Publications

The Myth of Perfect Timing in Investing

Every investor has fantasized about making the perfect trade—buying low and selling high within a very short time frame.

July 01, 2025

Publications

Letter from the CIO - June 2025

Market rebound: Trade détente eases uncertainty, but risks remain

June 12, 2025

Publications

Withdrawals from the 2nd/3rd Pillars: Will Taxation Change the Game?

The Federal Council proposes higher taxes on lump-sum withdrawals from the 2nd and 3rd pillars to align them with pension taxation and support social insurance amid demographic and budgetary pressures.

June 03, 2025