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Markets

Japan, 30 years of economic failure: have we finally come to a reflationary turn?

Download PDF Introduction The Japanese economy was a peculiar case in the last 50 years. From growing its GDP at 7% a year in the post-war boom period, after the 1990’s bubble, it sunk into a disastrous vicious cycle, made of negative growth, deflation, credit crunch, liquidity trap and a Read more…

By BSIC, 2 years14 April 2024 ago
Markets

FX Interventions: Rationale, Effectiveness, and Recent Developments

Download PDF Introduction The current macroeconomic landscape is shaped by high inflation, increasing interest rates, and growing risk aversion. The diverging realities nations are facing due to the Russia-Ukraine war, the ensuing energy crisis, the COVID-19 pandemic, the looming global recession, and more, are putting policymakers’ decisions in the limelight. Read more…

By BSIC, 4 years9 October 2022 ago
Markets

Uncovering the reasons behind the Yen’s (recent) weakness

Download PDF Introduction Recent data on the USD/JPY pair showed a significant strengthening of the US dollar against the Japanese currency, reaching an all-time high since 2016, marking almost a 5% decline YTD. This piece of news, however, is only the most recent episode of a significant weakening streak in Read more…

By BSIC, 4 years27 March 2022 ago
Currencies Markets Old Articles Quantitative Finance Trade Ideas

Behind the Yen rally: Japan’s era of negative rates

Japanese Yen touched a 17-month high of Y107.61 versus the US dollar this Monday. The safe haven currency has rallied more than 10 percent after Bank of Japan’s surprising negative interest rate decision on banks’ excess reserves in late January. Japanese government also sold 10-year bonds with a yield below Read more…

By BSIC, 10 years17 April 2016 ago
Currencies Equity Indices Markets Old Articles Trade Ideas

Abenomics: tracing back the arrows

The purpose of the article is to provide an explanation on the economic policies of the third largest economy in the world. In particular, explanation of Abenomics’ three arrows, their effects on Japanese economy and our view on the next steps that policy makers are likely to undertake. With this Read more…

By BSIC, 11 years7 November 2015 ago
Equity Indices Markets Old Articles Trade Ideas

Trade idea: short put Nikkei – strike 14000

From a technical point of view, NIKKEI recent movements do not deliver any blatant signal to ground expectations on: last closure stands close to the moving average and the RSI lies flat around 50.  However, we believe it’s worth to take a stand on the general markets’ sentiment over Japan. Read more…

By BSIC, 13 years25 May 2013 ago
Business Valuation Corporate Finance Long Term Investment Markets Old Articles Single Stocks

The decline of Japan’s Toshiba

Japan’s Toshiba said Wednesday that its quarterly net earnings fell 62 percent from the previous year as demand for its televisions, computers and other digital products stumbled. The technology and engineering corporation said it earned 23.01 billion yen ($233 million) between January and March 2013, the last quarter of its Read more…

By BSIC, 13 years11 May 2013 ago
Currencies Markets Old Articles

Trade Idea: FX update, Long USD/JPY

After having come very close to the 100 peak, this week the USD lost some ground to the JPY trading close to the 98 level. We believe that the next target is obviously the breaking out of the 100 line. On the one hand we have updates from BOJ governor Read more…

By BSIC, 13 years20 April 2013 ago

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We are excited to announce that applications are o We are excited to announce that applications are officially open!

Over the coming weeks, you’ll have the chance to connect with our team at various events, ask questions, and learn more about what we do. Keep an eye out for updates and event details!

📅 Deadline: Applications close on September 27th, but spots are limited, and we recruit on a rolling basis - so don’t wait to apply!

https://recruitment.bsic.it/

#BSIC #Recruitment #Finance #BocconiAssociation
This summer, BSIC members gained professional expe This summer, BSIC members gained professional experience across 30+ firms around the world, spanning investment banking, private equity, asset management, sales & trading, quantitative finance, consulting and more.

These placements reflect the ambition, commitment, and breadth of talent within our community.

We are proud of everything our members have achieved this summer and look forward to seeing where these experiences take them next!

#BSIC #SummerInternships #Careers #Bocconi
We are thrilled to announce the new BSIC Board for We are thrilled to announce the new BSIC Board for the Fall 2026 semester!

Lukas Wacker - President
Davide Saccone - Vice President
Zeno Steffens - Head of Corporate Finance
Lovis Schmidt - Head of Markets
Neel Roy - Head of Quant
Charentz Hovnanian - Senior Advisor
Preslav Georgiev - Head of Operations
Anna Tinuper - Head of Digital

#BSIC #Bocconi #BocconiAssociation #Finance #BoardAnnouncement
Looking for something worth listening to this summ Looking for something worth listening to this summer?
Discover BSIC’s podcast recommendations!

#BSIC #Bocconi #Finance #Podcast #Markets
BSIC Article of the Week: "Catching the Butterfly: BSIC Article of the Week: "Catching the Butterfly: A Relative Value Approach in OIS Curves"

When a yield curve misprice isn't random noise — it's a trade. We apply Principal Component Analysis to USD SOFR, EUR €STR, and GBP SONIA curves to reconstruct theoretical fair value, identify statistically significant dislocations, and pitch a live butterfly trade on the 6m GBP forward strip — all against the backdrop of a Bank of England caught between surging oil prices and a fragile disinflation path. 

👉 Read the full article on our website

#bsic #finance #fixedincome #interestrates #yieldcurve #PCA #quantitativefinance #ratestrading #swaps #macroeconomics
Our newsletter is out! Check out this week’s arti Our newsletter is out!

Check out this week’s articles on our website!

#bsic #markets #bocconi #finance #financeclub #financialmarkets #club #studentclub #investing #articles
BSIC Article of the Week: "A Taste for Separation: BSIC Article of the Week: "A Taste for Separation: Analysing Unilever's Strategic Break-Up"

Unilever is separating its food business from its personal care empire in a $44.8bn deal with McCormick — a transaction nearly a decade in the making, structured through a Reverse Morris Trust to minimise taxes and maximise strategic focus. But with 65% of the consideration paid in McCormick stock and leverage climbing to 4.0x, the real question is whether this is a clean value unlock or a complex bet on execution. 

👉 Read the full article on our website

#bsic #finance #unilever #mccormick #mergersandacquisitions #consumerstaples #spinoff #valuation #corporatestrategy #activistinvesting
Our newsletter is out! Check out this week’s arti Our newsletter is out!

Check out this week’s articles on our website!

#bsic #markets #bocconi #finance #financeclub #financialmarkets #club #studentclub #investing #articles
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