Focused Thinking
Technology
From its inception a decade ago, blockchain is now one of the most disruptive technologies in the modern digital economy and is on the verge of impacting many industries.
5 min read | March 2019
Economics
Since the escalation of US trade protectionism this year, increasingly centered on China, a US-Sino trade friction is a lose-lose proposition for the world economy, especially for Asia, home to some of the most open economies in the world.
7 min video | November 2018
Central Banks
Despite the lessons learned from past crises, currency crises still occur from time to time and spread contagiously when they happen. After receiving substantial capital inflows, some EM economies are under pressure this year.
3 min read | September 2018
Japan in focus
From the 1950s to the 1990s Japan often found itself in disagreement with the US over trade. Although the trade war in automobiles in the 1980s was to do with the US’s current account deficit, there was significant trade friction from the 1950s to the 1970s related to textiles and steel, which took place before the US had a pronounced current account deficit.
2 min read | August 2018
Economics
The movie WarGames helped introduce the DEFCON system to the public back in 1983 (including a 14-year-old future bank strategist who took his first date to the movie, perhaps explaining why it remains memorable). DEFCON—or defense readiness condition—reflects U.S. military preparedness for war on a rising scale of severity.
5 min read | July 2018
Economics
Our research analysts, as well as representatives from our sales and trading desks from around the globe discuss the inevitability of volatility, and its true meaning. Volatility is often misunderstood and can mean different things to different people.
3 min video | June 2018
Economics
Owing to the recent dollar move, we revisit the main drivers and forecasts for LatAm FX in H2 2018. We have identified the following five key drivers which are likely to continue to be important in terms of currency performance in the second-half of the year.
1 min read | June 2018
Economics
As banks savor the possibility of deregulation, many are anticipating a ramp up in new lending. While this optimism may feel good in the moment, it’s important to keep in mind a lesson from history: when legislators make decisions in highly regulated areas, unintended consequences often result.
4 min read | May 2018
Economics
Goldilocks economic conditions of strong growth and low inflation and the hunt for yield mean that most investors remain optimistic. But in our three podcasts below, Nomura economists point out that there are good reasons to be cautious.
11 min podcast | May 2018
Economics
Upcoming presidential elections in Brazil will continue having a key role in local asset prices. Therefore, a clearer understanding of what the market is pricing in with regard to the presidential election outcome (and the implications for the approval of long-awaited pension reform) will be key for trading Brazil over the coming months.
2 min read | May 2018
Economics
Trade has played a critical role in the development of emerging market (EM) countries. But as we discuss in our video, the increase in protectionist rhetoric in recent years threatens to stall or even reverse globalization. How will EM countries cope?
2 min read | April 2018
Economics
Technology has transformed the global economy in the last decade and made it easier to transfer knowledge. Now it’s giving emerging markets a competitive advantage, allowing them in some cases to be more agile and innovative than developed economies.
1 min video | April 2018
Economics
In February, we hosted our third annual Global Emerging Markets Seminar in London, bringing together cross-asset clients, industry thought leaders and Nomura’s emerging markets (EM) expertise from Latin America, CEEMEA and Asia.
1 min video | February 2018
Economics
With a new Federal Reserve chairman set to take office early in 2018, a Republic Congress at the helm and the future of free trade agreements and healthcare up in the air, what can investors expect in 2018?
2 min video | December 2017