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Nikkei Outlook
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guoyanyunyan
Elite |
13-Jun-2013 14:51
Yells: "uncertainty always exist" |
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Shirai Says BOJ May Be Too Optimistic on Prices as Stocks PlungeBank of Japan board member Sayuri Shirai said an April forecast for inflation may prove too optimistic, as stocks plummeted and the yen strengthened to a two-month high. Prices in the year through March 2015 ?could be lower than projected by the bank,? Shirai said today, citing the danger that a sales-tax increase may encourage companies to limit price increases driven by other causes. The BOJ estimate, the median of board members? forecasts, is for a 1.4 percent gain in the benchmark gauge, excluding the sales tax. The Nikkei 225 Stock Average slid today to 20 percent lower than a May 22 high, underscoring the risk that investors and the public will lose confidence in efforts by Prime Minister Shinzo Abe and the BOJ to revive the world?s third-biggest economy. The central bank?s communications are complicated by divergent views among policy makers on how quickly a 2 percent inflation target can be achieved. ...more... |
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guoyanyunyan
Elite |
13-Jun-2013 14:43
Yells: "uncertainty always exist" |
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Nikkei tumbles 6% on central bank fearsJapanese stocks plummeted on Thursday, shedding 6.4% in a move that pushed the index into bear territory. Volatility has picked up in recent weeks amid increasing unease about when central banks will begin weaning investors off cheap money. Those fears intensified Thursday, rattling markets around Asia and resulting in a broad regional selloff. The stomach-turning ups and down aren't limited to Japan. On Thursday, markets in Hong Kong and Shanghai followed the Nikkei's lead and were down around 3%. ...more... |
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guoyanyunyan
Elite |
13-Jun-2013 14:34
Yells: "uncertainty always exist" |
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Nikkei Plunges On Dlr's Decline Vs Yen, Wall St LossesTOKYO (NQN)--Tokyo stocks swooned Thursday, falling for a third straight day, with the Nikkei Stock Average plunging 843.94 points to end the day at 12,445.38. The benchmark index fell to its lowest close since April 3, the day before the Bank of Japan began its latest round of monetary easing. The loss was the second largest so far this year. The dollar's decline to the 94 yen range and overnight losses on Wall Street depressed Asian stocks across the board and darkened investor sentiment. |
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guoyanyunyan
Elite |
13-Jun-2013 14:23
Yells: "uncertainty always exist" |
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guoyanyunyan
Elite |
13-Jun-2013 13:48
Yells: "uncertainty always exist" |
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Japan stocks remain prisoner of the yenCommentary: Conservative yen forecasts can’t help Japan sharesLOS ANGELES (MarketWatch) — Thursday’s stock action in Japan illustrates, yet again, how much Tokyo equities are a prisoner to the yen. The dollar’s move below ¥95 yen sent shares tumbling, with the Nikkei Stock Average ending the morning session down 5.3%. The U.S. currency has now given back all of its gains against the yen made after the Bank of Japan’s milestone decision on April 4 to launch new, more aggressive easing moves. As readers likely know, Japanese exporters and other names with a strong global presence dominate the market, so their fortunes are often tied to foreign-exchange levels. Still, when it comes to the yen, Japan Inc. treads cautiously. ...more... |
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guoyanyunyan
Elite |
13-Jun-2013 13:41
Yells: "uncertainty always exist" |
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Nikkei Ends Morning Trade Below 13,000TOKYO (Nikkei)--Tokyo stocks closed below 13,000 on Thursday morning, with the Nikkei Stock Average dropping 701.92 points, or 5.28%, to 12,587.40. The benchmark index briefly extended its losses to more than 800 points. In addition to overnight Wall Street losses, the dollar fell to the 94 yen level, its lowest level in two months, causing many investors to avoid risks and triggering selling. Asian stocks, including stocks in Hong Kong and the Philippines, opened lower across the board, also dampening investor sentiment. |
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guoyanyunyan
Elite |
13-Jun-2013 13:38
Yells: "uncertainty always exist" |
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Nikkei Losing Ground As Risk Appetite FadesTOKYO (NQN)--Tokyo stocks were plunging in mid-morning trade Thursday, with the Nikkei Stock Average briefly falling more than 700 points to hit its lowest level since June 7, weighed down by growing investor aversion to risk. The dollar briefly fell to the 94 yen level, its weakest in two months, prompting stock sell-offs. About 90% of stocks listed on the first section of the Tokyo Stock Exchange were in the red. |
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guoyanyunyan
Elite |
13-Jun-2013 13:27
Yells: "uncertainty always exist" |
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Is It Game Over for Japanese Equities?The stampede out of Japanese equities resumed on Thursday, sending the benchmark Nikkei 225 tumbling down as much as 6.2%. Prime Minister Shinzo Abe's disappointing " third arrow" of long term economic reforms and the BOJ's recent inaction to address bond market volatility is forcing investors to reassess their outlook for the country's stock market, said experts. " Obviously, the three arrows that came out from Abe didn't really meet the mark. The expectation was really, really high, and he missed it," David Poh, regional head of asset allocation at Societe Generale Private Banking told CNBC on Thursday. " At this moment, I'm a bit more cautious, it's not the time to go in, stick your hand out and catch a falling knife. It's best to sit on the sidelines and wait till after the July [upper house] election," Poh added. Japan's high stakes elections for the upper house of parliament are scheduled for July 21. If Abe's LDP wins a majority in the upper house, it could make it much easier to pass through legislation, which strategists view as positive for the market. Abe's three-pronged policy to boost growth started with monetary and fiscal stimulus, but the Prime Minister's recent announcement of his longer term growth strategy fell short of expectations. The BOJ's nonchalance in addressing swings in the government bond market at its last policy meeting, has also led to market jitters. " There are a lot of pieces which need to fall into place in the coming days and weeks in order to instill confidence in 'Abenomics'," said Nicholas Spiro, managing director of Spiro Sovereign Strategy. " It's JGBs that are the ones to watch as the government needs the bond market to settle down in order for the banks to spearhead its growth strategy and, just as importantly, for fiscal credibility to be maintained," he added. Recent strength in the Japanese yen, which is negative for the country's exporter stocks, has also helped fuel losses in the index. The yen strengthened to a ten-week high of 94.41 against the greenback on Thursday. The Nikkei 225 has lost around 21% since May 22 - a day when the index came within a whisker of the key 16,000 level - placing it in bear market territory for the second time in less than a week. It fell to as low as 12,415 on Thursday before recovering to 12,587. Fast Money Trade According to Glen Wood, head of sales, Global, Mitsubishi UFJ Morgan Stanley Securities, the selling is a result of traders taking some " fast money" off the table, noting that a move below 12,000 would force the market into " dangerous territory" . However, Wood said that he is positive on the market over the next 6-18 months, thus viewing the current sell-off as a buying opportunity. " Japan is going through some radical changes, those changes have not stopped, things haven't reversed. It's full speed ahead. Has the timing been in line with market expectations maybe not? Have the specifics been there to support what investors were looking for? Probably not," Wood said. " But we should know that's the way Japan operates. There is huge change going on in the government and BOJ and that's not priced into the market," he said. Within the next year and a half, Wood expects the market to touch 20,000 - almost 60% higher from current levels. |
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guoyanyunyan
Elite |
13-Jun-2013 09:08
Yells: "uncertainty always exist" |
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Japan stocks slide further Nikkei below 13,000By V. Phani Kumar HONG KONG (MarketWatch) -- Japanese stocks tumbled early Thursday as a strengthening yen and extended losses on Wall Street prompted further selling in exporters, setting the major share benchmarks on course for their sixth loss in seven sessions. The Nikkei Stock Average dropped 2.8% to 12,912.45, returning below the 13,000-point level, while the Topix shed 2.3%. Nissan Motor Co. lost 3.5% and Nikon Corp. shed 3.4%, while Sharp Corp. lost 3.1%. |
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guoyanyunyan
Elite |
13-Jun-2013 09:04
Yells: "uncertainty always exist" |
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guoyanyunyan
Elite |
13-Jun-2013 09:00
Yells: "uncertainty always exist" |
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Nikkei Stock Average(9:56) ...recent low is 12,548.20...
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guoyanyunyan
Elite |
13-Jun-2013 08:53
Yells: "uncertainty always exist" |
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Nikkei Opens Lower On Wall Street LossesTOKYO (NQN)--Tokyo stocks opened lower Thursday, with the Nikkei Stock Average sliding 251 points to begin the day at 13,038 and soon widening its losses to more than 300 points to send the index below 13,000. In the early going the Tokyo market is taking its cues from the U.S., where the Dow Jones industrial average closed down for the third straight day overnight. The fall of the dollar and the euro against the yen is also prompting broad selling of shares in Tokyo, including exporters, such as carmakers and consumer electronics makers, and financial stocks. |
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guoyanyunyan
Elite |
13-Jun-2013 08:45
Yells: "uncertainty always exist" |
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...120 years from now... the Earth will be inherited by a brand new group of people not seen before ....
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guoyanyunyan
Elite |
12-Jun-2013 15:39
Yells: "uncertainty always exist" |
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World's Oldest Person Dies at 116 in Japan ......we may live much longer and healthier in
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guoyanyunyan
Elite |
12-Jun-2013 15:35
Yells: "uncertainty always exist" |
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A Silver Lining for the Volatile NikkeiEarnings estimates for Japanese companies are being upgraded faster than that of firms listed on any other Asian stock market, which is reason enough to buy into the Nikkei despite the recent volatility, says one strategist. Japan's benchmark Nikkei 225 is down over 16% from its year-to-date high and was trading almost 2% lower at 13,072 in morning trade Wednesday on disappointment that the Bank of Japan (BOJ) took no action to calm a volatile bond market at this week's central bank meeting. But Michael Kurtz, global head of equity strategy at Nomura is sticking to his target of 16,000 for the benchmark by the year-end - an over 20% upside from current levels - on strong fundamentals like company earnings. " Let's keep in mind that even with the volatility in bonds and equities recently, there's been no impairment of the medium or long term economic growth outlook, nor has there been any impairment to the corporate earnings growth outlook," Kurtz told CNBC Asia's " Squawk Box" on Wednesday. Japan's economy grew 1% over January to March over the previous quarter, revised up from an initial estimate of 0.9%. In May, Japan's tech giants like Toshiba forecasted a 34% jump in operating profit to $2.6 billion for the 2013-2014 fiscal year, while Canon raised its 2013 operating profit forecast by $300 million in April on a weaker yen. Despite the recent rout, the Nikkei is up over 50% since mid-November, when current Prime Minister Shinzo Abe started talking of radical fiscal and monetary policies to boost growth in the world's third largest economy. Tim Condon, head of Asia research at ING Financial Markets, said he remains bullish on the world's top performing market this year, because the central bank continues to pursue investor friendly policies. In April, the BOJ announced that it would pump $1.4 trillion into the economy in less than two years and double its monetary base to meet a 2% inflation target by 2016. It renewed that pledge on Tuesday. " I'm saying this would be a 60% year for the Nikkei," Condon said, referring to the nearly 30% jump in equities so far in 2013. " The Nikkei will end the year higher than where it was when the sell-off started in May 22." " From a macro point of view I like to be in markets where monetary policy is conducive to making money in the equity market," Condon said. Kurtz, meanwhile, says his top picks for the Nikkei are those that will benefit from domestic " reflation" and corporate investment rather than exporters that have benefitted from a weakening yen, which has largely played itself out this year. " I want to look at the retailers, property sectors including the home builders, and the financials of course. 'Abenomics' is working," Kurtz said. — By CNBC.com's Rajeshni Naidu-Ghelani |
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guoyanyunyan
Elite |
12-Jun-2013 14:43
Yells: "uncertainty always exist" |
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guoyanyunyan
Elite |
12-Jun-2013 09:06
Yells: "uncertainty always exist" |
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Nikkei Opens Sharply Lower On Wall St Losses, Dlr's FallTOKYO (NQN)--Tokyo stocks opened sharply lower Wednesday, with the Nikkei Stock Average tumbling 229 points to begin the day at 13,087. The benchmark index later trimmed its losses to slightly more than 200 points. Overnight losses on Wall Street are making investors more risk-averse. The dollar declined to the lower-96 yen level, approaching the yen rate of 95 against the dollar assumed by major exporters. Expectations that exporters' profitability will improve are decreasing, prompting investors to sell stocks of consumer electronics makers, automakers and other blue-chip exporters.
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guoyanyunyan
Elite |
11-Jun-2013 22:28
Yells: "uncertainty always exist" |
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BOJ Stands Pat, Refrains From Expanding Loan Program TOKYO--The Bank of Japan refrained Tuesday from taking any new measures to spur growth or ease market volatility, citing signs of economic recovery and disappointing investors who had expected measures to quell recent problems in the government bond market. " With the effects of the BOJ's easing and various economic steps, I expect the domestic economy to return to a moderate recovery path," BOJ Gov. Haruhiko Kuroda said after a meeting of the central bank's policy board. The board's nine members voted unanimously to keep the current easing program unchanged. The central bank launched a massive expansion of its asset purchase program on April 4, but that action has led to sharp swings in the government-bond market. Many analysts had expected the central bank to try to address these by expanding a bank loan program to bring more liquidity into the market. But Mr. Kuroda said the policy board " reached a conclusion that extending such an operation beyond one year was not needed for now." The failure to announce any market-oriented moves wasn't taken well by the markets. The yen strengthened, with the dollar declining a full yen to Y97.50 in late Asian trade from Y98.80 before the announcement. Tokyo shares fell, with the Nikkei Stock Average closing down 1.5% at 13,317.62. Government bond prices also fell on the news, pushing the yield on the benchmark 10-year bond up to 0.870%. " This was a surprise for JGB market players," said Takahiro Sekido, Japan Strategist at Bank of Tokyo-Mitsubishi UFJ. Some JGB market participants said the BOJ was misreading the market and needed to take action. " Gov. Kuroda appears to think the market has calmed down. However, on the contrary, implied volatility has risen in recent weeks due to concerns over increased risks amid price swings," said Teruyoshi Sotome, senior bond strategist at Mizuho Securities. Analysts say the central bank is reluctant to expand what is known as the fixed-rate fund-supplying operation, which offers loans of up to one year at a rate of 0.1%. They say the BOJ doesn't want banks to put their funds into the safety of the bond market, but instead to be more active in lending, helping the broader economy. As part of that goal, the BOJ on Tuesday said it would provide up to Y3.15 trillion ($320 billion) for a program that offers low-cost funds to banks that have increased their loan portfolios. The lack of any changes to the central bank's overall monetary policy came as no surprise to market analysts. Mr. Kuroda said in April the BOJ had taken all necessary measures to achieve its goal of reaching 2% inflation within the next two years. The policy board on Tuesday decided unanimously to maintain the core policy of boosting the monetary base by Y60 trillion-Y70 trillion annually. Defying speculation in the market that the BOJ might ramp up its purchases of exchange-traded stock funds amid recent stock price tumbles, the central bank maintained its policy of buying such assets at an annual pace of Y1.0 trillion. Tsunemasa Tsukada, chief manager at forex and financial products trading at Mitsubishi UFJ Trust and Banking, said, " I think discussion is still ongoing. It's just been held off this time around." The BOJ keeping its policy on hold is " less supportive" to the stock market, Mr. Tsukada added. The BOJ offered a relatively upbeat assessment of Japan's prospects a day after the government upgraded its own assessment for growth in the first quarter. The latest figures show Japan's GDP expanded at a 4.1% annual pace, the fastest among advanced economies. |
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guoyanyunyan
Elite |
11-Jun-2013 14:57
Yells: "uncertainty always exist" |
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Nikkei Ends Down On BOJ Policy Meeting ResultsTOKYO (Nikkei)--Tokyo stocks fell back Tuesday, with the Nikkei Stock Average closing at 13,317.62, down 196.58 points or 1.45%. The market fell sharply in the afternoon after the Bank of Japan announced its decision to continue current monetary policy. Investors who bought shares in advance on hopes of additional BOJ measures started to close out their positions after the announcement. |
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guoyanyunyan
Elite |
11-Jun-2013 14:47
Yells: "uncertainty always exist" |
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Nikkei Stock Average*Close Jun/11/2013
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