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Nikkei Outlook
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louis_leecs
Elite |
05-Jun-2013 13:03
Yells: "half cash" |
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Today low99.62 now 99.72 yen against usd | ||||||||||||||||||
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guoyanyunyan
Elite |
05-Jun-2013 13:00
Yells: "uncertainty always exist" |
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Japan's Prime Minister Unveils 'Third Arrow'Japan's Prime Minister Shinzo Abe on Wednesday unveiled a long-term plan to revive the Japanese economy, pledging to raise incomes by 3% annually over the next decade and set up special economic zones to attract foreign investment. Abe said the government would also fully liberalize the retail electricity market and aim to boost power related investment to 30 trillion yen ($300 billion) over the next 10 years. " These special economic zones seem like more of a trial instead of full wide-spread implementation so the good news is that they're trying things, making an effort to actually engage in some levels of growth," said Nick Maroutsos, founder and managing director, Kapstream Capital. " The crux of the matter is getting investors, consumers and corporations to get out there and spend make the technological advances that are necessary to generate some growth," he added. ...more... |
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guoyanyunyan
Elite |
05-Jun-2013 11:24
Yells: "uncertainty always exist" |
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Unfinished business The one pillar of the Abenomics strategy that has not been implemented -- structural reforms -- could prove to be the most important in the long-term. But getting parliament to cooperate may prove difficult. Abe's government is expected to soon propose reforms that would make labor market more flexible, encourage immigration, bring nuclear power plants back online and draw more Japanese women into the workforce. Implementing the reforms in a timely manner will require close coordination with interest groups, sustained public support and deft political maneuvering by Abe's government. |
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guoyanyunyan
Elite |
05-Jun-2013 11:20
Yells: "uncertainty always exist" |
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Bond prices In order for Abenomics to work, bond prices have to stay high. The Bank of Japan is currently buying long-term debt at a rapid clip, hoping that its purchases will keep long-term yields low. The goal is to encourage investors to look elsewhere for higher returns, a pattern that will encourage investment and result in economic growth. But after months of stability, bond prices dropped recently. Yields on 10-year Japanese government bonds hit 1% in late May, the highest level in more than a year. Some economists say the central bank is pursuing contradictory objectives. As the bank works to lower interest rates, it is also trying to gin up inflation, a trend that should push rates higher. |
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guoyanyunyan
Elite |
05-Jun-2013 11:16
Yells: "uncertainty always exist" |
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The real economy The Nikkei has been the most high-profile beneficiary of Abenomics, and is still up around 30% this year despite recent volatility. Yet it's not clear that the excitement is translating into all parts of the economy. Wages are flat, while retail sales and other indicators indicators have failed to impress. Economists expect inflation to kick in over the next year -- but prices are still falling, continuing the persistent deflationary trend in Japan. |
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guoyanyunyan
Elite |
05-Jun-2013 11:12
Yells: "uncertainty always exist" |
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Debt Japan has a debt problem. The country's gross public debt is projected to hit 230% of GDP by 2014 after years of budget deficits. Economists caution that Japan would be wise to attack its rising debt levels with similar vigor by hatching a plan to cut welfare benefits and raise taxes in the medium term. The Organization for Economic Cooperation and Development and International Monetary Fund, for example, have largely given their blessing to Abenomics. But both organizations argue Japan must act quickly to control its debt. " Lack of concrete fiscal measures to bring down public debt, or a delay in the consumption tax increase, could elevate risks of a rise in government bond yields, which would undermine fiscal and financial sector stability," the IMF said in a report released last week. |
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guoyanyunyan
Elite |
05-Jun-2013 11:06
Yells: "uncertainty always exist" |
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Market swings call Abenomics into questionHONG KONG (CNNMoney) Dramatic moves in Japanese bond and equities markets in recent days have raised questions about the long-term viability of the country's ambitious economic recovery plan. The plan -- dubbed Abenomics after its architect, Prime Minister Shinzo Abe -- includes coordinated government spending, central bank stimulus and structural economic reforms. The idea is that the measures will push up prices and end 15 years of deflation, leading to more robust growth for the world's third largest economy. The program has helped weaken the yen and dramatically boosted the profits of exporters, driving the Nikkei index through the roof in the process. Until last week, that is, when trading turned choppy. The Nikkei is now 13% off its recent high, and has posted a series of dramatic one-day declines. The volatility has left investors wondering whether policymakers can pull off their high-wire act while avoiding the pitfalls inherent in spurring growth in the world's most-indebted country. Here's what Japan is facing: Debt, The real economy, Bond prices and Unfinished business |
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guoyanyunyan
Elite |
05-Jun-2013 08:59
Yells: "uncertainty always exist" |
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Consumers Still to Buy Into Abe's Economic ExperimentSix months into Japanese Prime Minister Shinzo Abe's economic experiment and the nation has seen an impressive rally in its stock market alongside a swift depreciation in the yen, which has its key export sector cheering. But, skepticism is setting in among consumers in the world's third largest economy over Abe's radical policies and whether he will be able to successfully deliver on his promise to end two decades of economic stagnation and ignite inflation. " What Abe is trying to do is admirable -you have to be forceful - but whether he can pull it through, that's another thing. I don't think it's going to be that easy going forward," 40-year-old Tomo Murakami, director of an advertising firm in Tokyo, told CNBC. After delivering on his first two arrows,aggressive monetary easing aimed at beating deflation and fiscal spending Abe this week is expected to outline plans for the third arrow, which is along-term growth strategy for the economy essential for increasing its competitiveness. ...more... |
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guoyanyunyan
Elite |
05-Jun-2013 08:50
Yells: "uncertainty always exist" |
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Nikkei Opens Higher On Dollar's Rise Vs YenTOKYO (NQN)--Tokyo stocks opened higher Wednesday, with the Nikkei Stock Average climbing 32 points to start the day at 13,566 before widening its gains to about 40 points. Although Wall Street closed lower overnight, the dollar's rise to the lower-100 yen level is prompting investors to buy Japanese consumer electronics makers, carmakers and other blue-chip exporters on expectations of improved profitability. Fast Retailing Co. moved higher after the company said Tuesday evening that domestic same-store sales at its Uniqlo casual clothing chain rose 10.9% on the year in May. The stock's rise is helping push up the benchmark index. |
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guoyanyunyan
Elite |
04-Jun-2013 14:44
Yells: "uncertainty always exist" |
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Nikkei Ends Higher On Strong Financial StocksTOKYO (NQN)--Tokyo stocks rebounded sharply Tuesday, with the Nikkei Stock Average surging 271.94 points, or 2.05%, to end the day at 13,533.76. In early morning trade, the yen's strengthening prompted selling of exporters. As the Japanese currency struggled to rise, bargain hunting increased, pushing up the benchmark index significantly in the afternoon. Nomura Holdings Inc., which plunged Monday, made big gains, while Mizuho Financial Group Inc. and Sumitomo Mitsui Financial Group Inc. briefly jumped nearly 10%. The trading value on the first section of the Tokyo Stock Exchange totaled about 3.56 trillion yen on a preliminary basis.
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guoyanyunyan
Elite |
04-Jun-2013 11:48
Yells: "uncertainty always exist" |
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Nikkei Ends Morning Up, After Dropping 200 PointsTOKYO (NQN)--Tokyo stocks ended the morning session higher Tuesday, with the Nikkei Stock Average rising 75.53 points, or 0.57%, to 13,337.35. Trading in stock index futures was choppy in reaction to changes in foreign exchange rates. That added to volatility on the cash market with the benchmark index trading in a 329-point range. The Nikkei index was supported by large-cap stocks, which had led the market lower earlier, along with stocks of banks, securities firms and real estate companies. The Nikkei average opened lower, in line with dollar's fall against the yen. But dip-buying of major domestic-demand stocks emerged after selling ran its course and the yen stabilized. The benchmark index briefly dropped 200 points to touch 13,000 line as the dollar fell to the lower-99 yen range midmorning, but later rallied past 13,300 as buyers jumped back in.
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guoyanyunyan
Elite |
04-Jun-2013 08:56
Yells: "uncertainty always exist" |
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Japan stocks drop on yen's rise banks climb HONG KONG (MarketWatch) -- Japanese stocks swung between gains and losses in choppy early trade Tuesday, with a higher finish on Wall Street helping support banks, while several exporters fell as the U.S. dollar stayed below the key 100-yen level. The benchmark Nikkei Stock Average fell 0.5% a day after it plunged 3.7%, and the broader Topix lost 0.8%, with both changing direction a few times. Banks advanced, with Mitsubishi UFJ Financial Group Inc. climbing 1.9% and Sumitomo Mitsui Financial Group Inc.gaining 2.2% after hefty recent losses. Among exporters, Fast Retailing Co. gained 0.8%. But on the downside, Toyota Motor Corp. fell 2.6% and Mazda Motor Corp. tumbled 5.3%, while Sony Corp. shed 1.1%, weighing on the market.
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guoyanyunyan
Elite |
03-Jun-2013 15:13
Yells: "uncertainty always exist" |
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Nikkei Ends Down 3rd-Biggest Fall So Far This YearTOKYO (NQN)--Tokyo stocks closed sharply lower Monday, with the Nikkei Stock Average sliding 512.72 points, or 3.72%, to end the day at 13,261.82, its lowest close since April 18, and the third-biggest decline so far this year. In addition to Friday's sell-off on Wall Street, the yen rose against the dollar, causing jitters among investors.
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guoyanyunyan
Elite |
03-Jun-2013 08:45
Yells: "uncertainty always exist" |
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Nikkei Opens Lower On U.S. Stock Declines TOKYO (Nikkei)--Tokyo stocks began sharply lower Monday, with the Nikkei Stock Average opening down 223 points at 13,551. Subsequent trading sent the average below 13,500, its lowest point during trading hours since April 19. The decline follows Friday's slide in the Dow Jones industrial average. Shares in blue-chip exporters, including automakers, are leading the decline.
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guoyanyunyan
Elite |
02-Jun-2013 18:14
Yells: "uncertainty always exist" |
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Apple Joins Other Foreign Brands in Raising Prices in Japan Apple hiked prices of iPads and iPods in Japan on Friday, becoming the latest and highest-profile brand to join a growing list of foreign firms asking Japanese consumers to pay more as a weakening yen squeezes income. The yen has fallen more than 20% against the U.S. dollar since mid-Nov when then-opposition leader Shinzo Abe prescribed a dose of radical monetary easing to reverse years of sliding consumer prices as part of a deflation-fighting policy, dubbed " Abenomics." The Bank of Japan, under a new Abe-backed governor, in April promised to inject $1.4 trillion into the economy in less than two years to achieve 2% inflation in roughly two years. Price rises are rare in Japan, which has suffered 15 years of low-grade deflation. A few other foreign brands have also raised prices on products, providing an early sign of inflation for Abe and an indication that these companies feel consumer demand is strong enough to withstand the increases. Still, price rises would have to spread much more widely, especially to lower-end discretionary goods, to show that Abe's aggressive policies are helping reflate the economy. Apple, one of the most visible foreign companies in Japan, raised the price of iPads by up to 13,000 yen ($130) at its local stores. The 64GB iPad will now cost 69,800 yen, up from 58,800 yen a day ago, an Apple store employee said. The 128GB model will cost 79,800 yen compared with 66,800 yen. Apple also upped prices of its iPod music players by as much as 6,000 yen and its iPad Mini 8,000 yen. Mobile phone network operators SoftBank and KDDI, which offer iPhones and iPads at their stores, said they had not yet decided on whether to ask its customers to pay more. By raising prices amid a weakening yen, Apple joins luxury jewelry maker Tiffany, which recently raised its prices even as sales jumped by 20% in Japan in local currency terms during the first quarter. More recently, German appliance maker Miele raised prices of some products, such as its dishwashers, because of the weaker yen. Volkswagen, the biggest foreign car company in Japan, this month also increased the recommended prices of 14 car models by an average of 1.5%. Pressure too is mounting on Japanese companies that shifted production overseas under a stronger yen and now import products to sell at home. Speaking to investors on Thursday, Kazunori Takami, the head of Panasonic's appliance business, said his company would have to consider shifting production of washing machines and other appliances sold in the domestic market back to Japan if the yen-dollar rate weakened to beyond 105 yen. |
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guoyanyunyan
Elite |
31-May-2013 16:06
Yells: "uncertainty always exist" |
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Nikkei Ends Higher On Buying Of Stock Index FuturesTOKYO (NQN)--Tokyo stocks rebounded Friday, with the Nikkei Stock Average climbing 185.51 points, or 1.37%, to end the day at 13,774.54. Stock index futures were bought back in reaction to Thursday's plunge. The benchmark index briefly surged more than 300 points to top 13,900 toward the close. Many investors stayed on the sidelines ahead of the weekend on concerns about currency fluctuations, prompting the Nikkei average to lose steam toward the end of trade. The trading value on the first section of the Tokyo Stock Exchange totaled about 3.24 trillion yen on a preliminary basis. The Nikkei average shed 837 points over the week in what was the largest weekly slide since the third week of March 2011 -- the week after the Great East Japan Earthquake -- when the index dropped 1,047 points. It is the first time for the Nikkei average to continue lower for two straight weeks since October. Also, it is the first time for the index to fall for two weeks in a row since then Prime Minister Yoshihiko Noda expressed his intention to dissolve the lower house of the Diet in mid-November. |
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guoyanyunyan
Elite |
31-May-2013 08:42
Yells: "uncertainty always exist" |
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Nikkei Opens Higher On Wall St GainsTOKYO (NQN)--Tokyo stocks opened higher Friday, with the Nikkei Stock Average shooting up 215 points to begin the day at 13,804. Wall Street closed higher overnight in line with rising expectations that the U.S. will extend QE, prompting Tokyo investors to buy back stocks. The preliminary industrial production index for April, which was released before the bell, rose 1.7% from March on a seasonally adjusted basis. The growth was larger than the 0.5% increase estimated by market analysts, prompting investors to buy stocks. |
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guoyanyunyan
Elite |
30-May-2013 22:41
Yells: "uncertainty always exist" |
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Japan pension fund weighs shift to stocks: reportBy MarketWatch NEW YORK (MarketWatch) -- A Reuters report that Japan's public pension fund is considering a change that would allow it to invest in domestic stocks was credited with lifting U.S. stock index futures on Thursday, allowing the market to shrug off an earlier dive by Japanese equities. The report, which cited people familiar with the deliberations, said authorities are weighing a plan that would allow the Government Pension Investment Fund, which has a pool of more than $1 trillion, to change the way it assesses the potential risk and return on assets to give it more flexibility. |
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guoyanyunyan
Elite |
30-May-2013 15:57
Yells: "uncertainty always exist" |
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If Foreigners Are Net Japan Buyers, Who's Selling?Latest data from Japan's Ministry of Finance (MoF) published on Thursday showed foreign investors remained net buyers of stocks last week – a period during which the country's equity market suffered its steepest single-day sell-off in two years. So, who is behind the rout in Japanese equities, which have plummeted more than 12% over the past week? According to market experts, the sell-off that began last Thursday after the benchmark Nikkei 225 came within a whisker of 16,000 - a key psychological level for the index - has been largely driven by domestic retail investors, alongside hedge funds. " If you look at the foreign buying of Japanese equities, it didn't change, so that means it was a domestically driven sell-off," said Paul Grunewald, chief economist, Asia Pacific at S& P's Ratings Services. Foreign investors were net buyers in the country's stock market last week, even though purchases of 27.4 billion yen ($271 million) were less than the previous week's net buying of 715.8 billion yen. Optimism over Prime Minister Shinzo Abe's efforts to revive Japan's economy has lured previously cautious domestic investors back into the market in the recent months, contributing to the rapid rise in Japanese equities over the past six months. " Japanese domestic investors are very important – it's a market that's driven by retail investors rather than institutional investors, which is different from the U.S. market which is mostly institutional," said Uwe Parpart, head of research at Reorient Financial Markets. Individual investors accounted for almost 40% of trades by value for the week ended May 17, according to data from the Tokyo Stock Exchange, from around 30% at the end of March. But recent exuberance in the stock market coupled with volatility in the Japanese government bond market has triggered caution among individual investors, said strategists. " The Nikkei had a strong run it pushed all the way through 15,000 approaching 16,000 in a short space of time. Profit taking and concern over instability in Japanese bonds is driving local investors to get out of Japanese stocks," said Stan Shamu, market strategist at trading firm IG Market. And, according to market watchers including Parpart, downside in the market is likely to continue in the near-term. " We've seen a bit of a recovery in the market [this week], but there is no depth to it. We will get a 15% correction before we get back on track. That will be a healthy thing as there has been a lot of froth in the market," Parpart said. The Nikkei 225 declined as much as 3% on Thursday falling below the 14,000 level to trade around 13,923 in the morning session. — By CNBC's Ansuya Harjani. |
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guoyanyunyan
Elite |
30-May-2013 15:12
Yells: "uncertainty always exist" |
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Nikkei Falls Sharply On Dollar's FallTOKYO (NQN)--Tokyo stocks tumbled Thursday, with the Nikkei Stock Average ending 737 points lower at 13,589, the second-biggest fall this year. The dollar's depreciation to the 100 yen level added further declines for some blue chips. A surge in selling stock index futures and Fast Retailing Co.'s fall are having an adverse impact on investor sentiment, and having a big affect on the benchmark index. Mizuho Financial Group Inc., Sumitomo Mitsui Financial Group Inc. and Mitsubishi UFJ Financial Group Inc. are also extending losses. Automakers including Toyota Motor Corp. and Mazda Motor Corp. are also lower. Nomura Holdings Inc., Mitsui Fudosan Co. , Mitsubishi Estate Co., and other property stocks are also losing ground. In contrast, Maruei Department Store Co., Nipro Corp. and Gun Ei Chemical Industry Co. remain higher. NTT DoCoMo Inc. and Tsugami Corp. are also higher. |
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