Duct tape could also help Japan

Professional Adviser
clock

Ill-considered pronouncements from Japanese finance minister Masajuro Shiokawa are endangering economic recovery in the country and would be better left unsaid

Duct tape executives must be dancing around corporate suites these days. Concerns about terrorist attacks have created 101 uses for the sticky stuff. Now there is number 102, and it is in Japan's economy. The usage in question is muzzling Japanese policymakers, who cannot seem to avoid clouding markets with words. 'One of the better things in terms of intervention the MOF could do is buy a big roll of duct tape and paste it over [finance minister Masajuro] Shiokawa's mouth,' says Robert Rennie, a currency analyst at Westpac Banking Corp. 'His words have undone a lot of hard work the MOF...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Two including former police officer charged in connection with £720,000 investment fraud

Two including former police officer charged in connection with £720,000 investment fraud

Due to appear at Westminster Magistrates’ Court

Sophia Panayi
clock 04 June 2026 • 1 min read
Last chance: MPS conference to explore different approaches in shifting landscape

Last chance: MPS conference to explore different approaches in shifting landscape

Takes place in London tomorrow

Professional Adviser
clock 01 June 2026 • 1 min read
Women in Financial Advice Awards 2026: Nominations close today!

Women in Financial Advice Awards 2026: Nominations close today!

Awards to be held at Hilton Bankside in London

Professional Adviser
clock 08 May 2026 • 1 min read