carefree summer days are infecting the markets while new governor kazuo ueda may have jolted japan on friday by unexpectedly loosening the boj’s grip on yields it’s a blip in the euphoria sweeping global equities cash and hedges have been replaced by demand for everything from small caps to meme stocks bolstered by data indicating the us is beating inflation and heading for a soft landing even china’s careworn stocks got a boost that’s not to say china is out of the woods yet business confidence is timid and the nation is on the brink of deflation hobbled by longterm problems in the property market enter a farmer’s son from a remote corner of anhui province tasked with steering the secondbiggest economy’s central bank who is pan gongsheng