Japan 05 (Apr 15 - Jun 17)

Re: Japan 05 (Apr 15 - Jun 17)

Postby winston » Tue Apr 03, 2018 4:02 pm

Goldman Cuts Japan Equity Forecasts as Foreign Investors Flee

Obstacles are piling up in Japan, everything from political scandal to a rising yen. Foreign investors are fleeing and now Goldman Sachs Group Inc. says its forecasts for stocks were too high.

The brokerage lowered its three-month target for the Topix gauge by 5.6 percent to 1,700, implying a slight decline from its current level. Goldman also reduced its six-month and 12-month targets 2.7 percent and 2.5 percent, respectively, to 1,800 and 1,950. The index closed at 1,817.56 points last year.

Foreign investors yanked 8.2 trillion yen out of Japanese stocks in the first three months of the year, mainly from futures, due to uncertainty surrounding domestic politics, a rising yen, global trade concerns and mixed macroeconomic data, according to Goldman.

“These headwinds will cap the upside for Japanese equities,” strategists led by Kathy Matsui wrote in a note dated March 29.

Matsui still expects a medium-term recovery for the Topix, which is down more than 5 percent this year. Goldman sees “limited” downside risk as the market has priced in the possibility of a 10 percent drop in earnings per share in fiscal 2018, whereas Goldman sees growth of 2.5 percent.

There is one caveat: the exchange rate would have to stay around the 105 yen-per-dollar mark.

The yen surged to a 16-month high against the dollar last month as the U.S. and China slapped new tariffs on each others’ products.

At home, Prime Minister Shinzo Abe’s support rating slipped against the backdrop of a cronyism scandal involving the sale of government land to a school with alleged ties to the premier.

Source: Bloomberg

https://finance.yahoo.com/news/goldman- ... 49424.html
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Re: Japan 05 (Apr 15 - Jun 17)

Postby winston » Fri Apr 06, 2018 1:45 pm

The Bank of Japan Went on a Record ETF Buying Binge

The central bank spent a record amount on Japanese exchange-traded funds during March

The Bank of Japan spent 833 billion yen ($7.8 billion) on exchange-traded funds tracking the country’s shares last month, the largest amount ever according to data back to 2010.

Haruhiko Kuroda’s bank is now ahead of its scheduled goal to spend about 6 trillion yen a year on ETFs.


Source: Bloomberg

https://www.bloomberg.com/news/articles ... ying-binge
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Re: Japan 05 (Apr 15 - Jun 17)

Postby winston » Mon Apr 16, 2018 8:14 am

Chart of the day: Back to zero for Japan bonds

by Nicole Elliott

In 2009, the Bank of Japan set its policy balance rate at 10 basis points.

But since 2016, the rate has been kept at minus 10 basis points, and the central bank targets the yield on 10-year Japanese government bonds at zero per cent.

This is done to encourage economic growth and stave off deflation, though it has been a long and difficult fight.

We turn our attention to the yield on 20-year Japanese government bonds, which hovered at around 55 basis points last year.

Trading down steadily this year, it is now testing the psychologically important 50-basis-point level with the lowest weekly close since late 2016.

Breaking this will probably set off a move to even lower yields, at a faster pace, to retest the record low at zero per cent.

Source: SCMP

http://www.scmp.com/business/global-eco ... apan-bonds
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Re: Japan 05 (Apr 15 - Jun 17)

Postby behappyalways » Tue May 08, 2018 7:36 am

Number of children in Japan shrinks to new record low
https://edition.cnn.com/2018/05/07/heal ... index.html
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Re: Japan 05 (Apr 15 - Jun 17)

Postby winston » Wed May 16, 2018 6:12 pm

Will the Rally Last in Japan ETFs?

by Sanghamitra Saha

The Nikkei 225 Stock Average has advanced about 9% since March 23.

Net foreign buying became positive (worth 207 billion yen of cash equities) in April after three months of net selling.

Japan’s economy is forecast to have shrunk for the first time in two years in the first quarter of 2018 due to muted private consumption and softer export demand.

The latest surge in oil prices which could put an upward pressure on inflation.

Japan currency-hedged ETFs:-
1. iShares Adaptive Currency Hedged MSCI Japan ETF DEWJ,
2. iShares Currency Hedged JPX-Nikkei 400 ETF HJPX,
3. WisdomTree Japan Hedged Financials Fund DXJF and
4. Franklin FTSE Japan Hedged ETF FLJH


Source: Zacks

https://finance.yahoo.com/news/rally-la ... 04206.html
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