Posts belonging to Category Japan



Asia stocks reach 10-year peak

Federal Reserve showed a more guarded view towards inflation

Asian stocks reached a 10-year high on Thursday, riding the bull run in global equity markets, while the dollar sagged after the Federal Reserve showed a more guarded view towards inflation. Spreadbetters expected a mixed start for European stocks, forecasting Britain’s FTSE to open down 0.05 percent, Germany’s DAX to start 0.03 percent higher France’s CAC to open flat. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.55 percent and at its highest since December 2007.

Japan’s Nikkei was up 0.4 percent after brushing 20,994.40, its highest since November 1996. South Korea’s KOSPI added 0.55 percent to mark a fresh record peak and Hong Kong’s Hang Seng scaled a decade-high. Asia took cues from Wall Street, where major indexes rose to yet another set of record closing highs overnight following a report that a market-friendly candidate was being pushed as successor to Janet Yellen at the helm of the Fed.

http://www.reuters.com…  Thu.,  12  October 2017

J-Coin

Japan wants to launch a new digital currency: J-Coin

A consortium of Japanese banks are set to launch a new national digital currency in a bid to wean citizens off cash, the Financial Times reports.  The FT says that a consortium led by Mizuho Financial Group and Japan Post Bank plans to launch the new digital currency in time for the Tokyo 2020 Olympics.

The new project, which has the support of Japan’s central bank and regulators, aims to develop technology to allow Japanese people to pay for goods and services with their smartphone.

http://www.businessinsider.comWed.,  27  September 2017

US futures are down sharply

North Korea’s missile launch over Japan is hitting global markets

North Korea launched a ballistic missile that passed right over Japan, and that’s set markets on high alert, with four big movers. U.S. stock futures were a big early mover, with the Dow Jones industrial average mini futures dropping as much as 147 points to 21,644 in a knee-jerk reaction. That compared with the index’s close on Monday at 21,808.40. The DJIA futures later regained some lost ground, trading down 109 points at 21,682 at 10:02 a.m. HK/SIN.

Perhaps counterintuitively, Japan’s currency move higher — because it generally does well when nervous investors are looking to park their money somewhere secure. It climbed against the greenback, with the dollar fetching as little as 108.32 yen in early Tuesday trade, down from levels approaching 111 yen earlier in the month.

http://www.cnbc.com…  Tue.,  29  August 2017

Japanese airbag maker Takata files for bankruptcy

Takata would be bought for $1.6 billion by U.S.-based Key Safety Systems

Japan’s Takata Corp (7312.T), the firm at the centre of the auto industry’s biggest ever product recall, filed for bankruptcy protection in the United States and Japan, and said it would be bought for $1.6 billion by U.S.-based Key Safety Systems.

In the biggest bankruptcy of a Japanese manufacturer, Takata faces tens of billions of dollars in costs and liabilities resulting from almost a decade of recalls and lawsuits.

http://www.reuters.com…   Mon.,  26  June 2017

Oil glut fears

Asian stocks rise, oil languishes near 10-month low

Asian stocks advanced on Thursday, but oil futures hovered near a 10-month low hit overnight on concerns over a supply glut and falling demand. European stocks were mixed with financial spreadbetter CMC Markets expecting Britain’s FTSE 100 .FTSE to open up 0.1 percent, Germany’s DAX .GDAXI to be little changed and France’s CAC 40 .FCHI to start the day down 0.1 percent. All three closed in negative territory on Wednesday. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS climbed 0.7 percent. Japan’s Nikkei .N225 rose almost 0.1 percent. Shares in auto air bag-maker Takata Corp plunged 50 percent as they exchanged hands for the first time since sources said last week it was preparing to file for bankruptcy.

South Korea’s KOSPI .KS11 added 0.3 percent, while Australian shares jumped 1 percent. Taiwan shares .TWII hit a 27-year high. Chinese shares added to gains made on Wednesday after MSCI included mainland shares in its emerging market indexes. The blue-chip index .CSI300 rose 1.3 percent. Hong Kong’s Hang Seng .HSI climbed 0.5 percent. Crude oil was subdued as investors’ doubts that OPEC-led output cuts would dent a three-year glut offset data showing a drop in U.S. inventories.

http://www.reuters.com…   Thu.,  22  June 2017

Economics: the long view

How will the global economic order change by 2050?

After a year of major political shocks with the Brexit vote and the election of President Trump, it might seem brave to opine on economic prospects for 2017, let alone 2050. Warning: the method and the result are controversial, but datas are interesting to look at.

http://www.pwc.com…  Tue.,  14 February 2017

Japanese companies after BREXIT

Japanese companies in UK ‘already receiving offers from EU’

Japanese companies based in Britain have already started to receive offers from other European countries and could postpone investment decisions if Theresa May’s government fails to negotiate a close economic relationship with the EU. That was the stark warning from Haruki Hayashi, president of the Japanese chambers of commerce in Britain and the European CEO of Mitsubishi, who said businesses needed more than “general reassurances” if his country’s investment presence in Britain was to be maintained. Speaking to MPs in parliament, including the Brexit secretary, David Davis, Hayashi said that in a complex and interdependent world, the decision to leave the EU would have a serious impact on individuals and businesses.

http://www.theguardian.com … Wed,  02 November 2016

Bank of Japan minutes open door to more QE

Bank of Japan Stuns Market by Holding Off on More Stimulus

The Bank of Japan held off on expanding monetary stimulus, as Governor Haruhiko Kuroda and his colleagues opted to take more time to assess the impact of negative interest rates. The move comes as a surprise to the slight majority of economists surveyed by Bloomberg who had projected some action from the central bank in response to a strengthening in the yen that has cast a shadow over prospects for higher wages and investment. The currency rallied against the dollar immediately after the decision while stocks in Tokyo tumbled.

http://www.bloomberg.com  Wed,  27 July, 2016

Nissan To Take 34% Stake In Mitsubishi Motors

The Japanese car manufacturers already cooperate on development and manufacturing

Carlos Ghosn, chief executive and president of Nissan, said: “This is a breakthrough transaction and a win-win for both Nissan and Mitsubishi Motors. It creates a dynamic new force in the automotive industry.”
http://www.sky.com Thu., 12 May 2016.

Negative interests may hurt global economy

The global economy risks becoming trapped in a low growth

Evidence that negative interest rates aren’t working to stimulate global growth is getting hard to ignore. Bank of England Governor Mark Carney is the most recent big-hitter to wade into the negative-interest-rate fray. Carney warned at a G20 meeting in Shanghai that, while negative rates might be an attractive way for an individual country to weaken their currency and boost exports, the world economy will suffer as a whole.

http://www.bankofengland.co.uk/   Sat., 27  February 2016.