Uridashi knockouts push Japan dividend futures to outperform Nikkei
Inverted yield curve provides rich pickings for investors
The rally in the Japanese equity markets and corresponding knockout of retail structured product investments have had a pronounced impact on the Japan dividend market.
Just eight months ago, dealers were pitching dividend swaps and dividend futures to hedge funds after a slump in the longer end of the dividend curve, as companies published weak earnings amid a weak outlook for the Japanese economy.
Thanks to Japan's money printing experiment – dubbed Abenomics after Japan's new prime minister
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