According to Digitimes analyst Derek Huang, due to ongoing aftershocks, the full recovery timetable for TSMC's production capacity in Japan remains uncertain. He stated that even if TSMC's direct financial losses are minimal, the prolonged recertification of specialized process equipment could cause greater disruption to the supply chain. In a statement, TSMC said that after Tuesday's strong earthquake, all personnel had been evacuated and subsequent structural inspections confirmed the safety
智通财经2026/07/30 21:16Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Deutsche Bank points out that as central banks in the US, Europe, and Japan are tightening policy simultaneously, the market may still be underpricing the eventual terminal rates. With oil prices remaining high, inflation may spill over into core inflation and wages. Moreover, financial conditions have not tightened in tandem, which could weaken the effect of rate hikes. Citing the experience of 2022, Deutsche Bank notes that the market then expected a total of around 200 basis points of Fed rate hikes in the first year, but the final figure exceeded 400 basis points, illustrating that the market often underestimates the terminal rate.