Amben: Recent market fluctuations may be an overreaction, with no significant changes in the Japanese economy

The Director of Multifaceted Asset Investment Program at Ambit Southeast Asia stated that the recent market volatility may be an overreaction, with no significant changes in the Japanese economy. US data is weak, the economy is cooling down, but there are no major financial imbalances. The Federal Reserve has room to cut interest rates to support the economy and can choose to stop quantitative tightening. If economic growth slows down and a recession occurs, it may pose obstacles to the recovery of non-tech sector profits. The Bank of Japan has shifted to a hawkish stance, causing the US dollar to weaken, leading to significant selling in Japanese stocks and a sharp appreciation of the yen. Over the past 10 years, during periods of significant selling in the Japanese market, it often tends to decline excessively, but the market tends to recover quickly