The Future of Foreign Exchange Markets - Episode 129 [Tomotaro Tajima]
Tomotaro Tajima Profile
Economic analyst. CEO of AlfinaNTS. Born in 1964 in Tokyo. After graduating from Keio University, he switched careers from Mitsubishi UFJ Securities to pursue research and analysis. He analyzes and researches a wide range from finance and the overall economy to strategic corporate management, and even personal asset formation and fund management. He serves as a lecturer for lectures, seminars, and training organized by private companies, financial institutions, newspapers, local governments, and various chambers of commerce, with about 150 lectures per year. He has contributed to numerous print media, such as weekly magazines “Netto Trade no Okite” and “Money Maestro Training Course” in Kagaku (Ignorance). He also writes columns on many websites about stocks and foreign exchange, earned high regard as a stock and FX strategist. He has also written for the Home Economics section of the Shakai Kōminkan’s “Gendai Yōgo no Kihon Chishiki” (Modern Knowledge of Everyday Terms). After regular appearances on TV (TV Asahi “Yajiuma Plus,” BS Asahi “Sunday Online”) and radio (MBS “Sakusen no Asa-chi Radio”), he currently serves as a regular commentator on Nippon TV CNBC “Market Wrap” and Daiwa Securities Information TV “Economy Marche.” His main DVDs are “Very Easy to Understand: Tomotaro Tajima’s FX Introduction” and “Very Easy to Understand: Tomotaro Tajima’s FX Practical Technical Analysis.” His major books include “Manual for Asset Reassessment” (Paru Publishing), “FX Chart: The Formula for Profit” (Alchemix), and “Why Can FX Make You Asset Rich?” (Texts), among many others. His latest book is “Making Money by Riding the Rising U.S. Economy” (Jiyu Kokumin-sha).
*This article is a reprint/edit of an article from FX攻略.com, January 2021 issue. Please note that the market information written in the text may differ from current markets.
Will the U.S. Economy Bubble?
This article was written before the U.S. presidential election voting day, and at this point it has not been determined which candidate—incumbent President Trump or former Vice President Biden—would win.
Even by the time this article reaches readers, the final decision may still be unsettled. In any case, one thing that can be said at such a stage is that “no matter who becomes the next U.S. president, it is certain that a substantial fiscal policy will be implemented in the United States.”
Of course, the allocation of that funding will differ greatly, but the scale of the fiscal measures is expected to be around two trillion dollars, and even before the election, there has been great anticipation of their effects.
The pandemic continues to rage before our eyes, and additional economic measures are indispensable. And the monetary policy controlled by the U.S. Federal Reserve (Fed) remains too accommodative.
