JAPAN

rffrydr · Posted: Fri Mar 03, 2006 12:25 am Post subject: JAPAN

Core rate up .5%; 3 in a row:

"Mitsubishi UFJ Securities senior strategist Naomi Hasegawa said remarks this morning by Prime Minister Junichi Koizumi fueled conjecture that the central bank will soon end its present policy.

'[Changes in] consumer prices are coming in above zero and we are seeing signs of getting out of deflation,' Koizumi told a parliamentary committee.

His comments were his most positive yet on recent indications that the economy is winning its battle with falling consumer prices. Previously, Koizumi had insisted that it was too soon to say that the economy was coming out of deflation."

Bonds and stocks were short going in. End-of-day showed resiliency, (complaceny?)

Hey Henry, Devil's advocate: with Japanese debt at a Godzilla-sized 160% GDP on the worlds fastest aging population (and most afraid of foreign workers) do they have any choice BUT to reflate their way out? And politicians want a decade for "reforms."

An end to quantiative easing may be announced at the end of Japanese Fiscal Year--but this could take a long, long time to play out. Markets 1st "verdict."
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rffrydr · Posted: Mon Apr 26, 2010 12:41 pm Post subject:

Some more crisis of monetarism anxiety:

http://ftalphaville.ft.com/blog/2010/04/26/211896/some-horrendous-keynesianmonetarist-nightmare/
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rffrydr · Posted: Mon Apr 26, 2010 8:50 am Post subject:

About ten posts down:

http://www.ft.com/cms/s/0/08a732de-e399-11de-9f4f-00144feab49a.html

Is this guy a closet bug? Nixon's assault on gold looms large in his thinking. There's alot of throwing up the hands here. Party on. And the Giant Vampire Squid makes an appearance.

Island Japan in decline proves that great exception to monetarism for reasons having largely to do with japan. See below for further comments regarding a committed post-war demographic having achieved all of its goals--primary amongst them maintaining its difference. Now they rest. Having determine to price themselves out of the world and maintain their "cultural purity" is not a surprise that it would take a long long time for the world to catch up to them. But it will.

As far as monetary policy, what do you give an old man who has everything? Answer: impressionist paintings, wine, space science, F1 racing.... M14?

Monetarism is taking a hit on a number of fronts now--having been sorta kinda discarded by Wall St. twenty-five years ago.

He implies that japan unhinged from the conventions of monetary policy could have done just fine. There I strongly disagree: japan was gonna get here by hook or by crook.
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diesel · Posted: Sun Apr 25, 2010 7:53 pm Post subject:

Good explanation why Japan doesn't have a debt problem. This is a worthwhile read! Be interested in any comment from you on this Henry or rffyrdr.

http://bilbo.economicoutlook.net/blog/?p=9183
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HenryTo · Posted: Sun Apr 25, 2010 12:06 pm Post subject:

IMF yet again on the Japanese debt problem, along with a bleak projection for the UK public deficit:

http://www.ft.com/cms/s/0/f60f5e92-4f01-11df-b8f4-00144feab49a.html

rffrydr · Posted: Tue Apr 20, 2010 8:12 am Post subject:

BOJ Shirakawa said that the BOJ would take policies to guide inflation to a stable range in the medium and long term. Noted policy would remain very accommodative to fight deflation.
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rffrydr · Posted: Tue Apr 06, 2010 5:18 pm Post subject:

The end of an era--of endings:

http://www.bloomberg.com/apps/news?pid=20601101&sid=anmj0bJQajhQ
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rffrydr · Posted: Wed Jan 27, 2010 9:39 am Post subject:

A truer rating decline:

http://www.bloomberg.com/apps/news?pid=20601109&sid=aY.qBEMM0yck&pos=14
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rffrydr · Posted: Tue Jan 26, 2010 9:19 am Post subject:

Credit rating on Japan..... Laughing

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HenryTo · Posted: Tue Jan 26, 2010 2:08 am Post subject:

Japan's credit rating lowered by S&P:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aocWdF_kzkbA&pos=1

HenryTo · Posted: Sun Jan 24, 2010 10:03 pm Post subject:

Speculation swirls on what the Bank of Japan may announce (or signal) tomorrow:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aveLLA6WSba4&pos=1

Ven · Senior Poster Joined: 30 Dec 2009 Posts: 88

"High sign of a culture in decline."

Good observation rff.
U.S. is experiencing the same thing.

rffrydr · Posted: Sat Jan 09, 2010 10:08 am Post subject:

Japanese romantic ballads interspersed amongst french same, with a heavy pop undertone--all streamed to your phone:

http://www.parischanson.jp/

High sign of a culture in decline--if only it weren't so damned captivating. That "Tour Eiffel" on the homepage is in Tokyo BTW.
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Today is the Tomorrow you worried about Yesterday!

rffrydr · Posted: Mon Jan 04, 2010 8:40 pm Post subject:

Playing the FED spike you know will come? Beware the "Black Widow":

http://m.ft.com/cms/s/0/e590e35e-ef45-11de-86c4-00144feab49a.html?catid=93&SID=92953efc389df8698f331b37f2ff11c5
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rffrydr · Posted: Thu Dec 31, 2009 10:24 am Post subject:

Blue moon:

It was twenty years ago at the last tick of the last session that Japan put in its all-time high. The average annual total return on Japanese stocks since then has been -2.128% in USD terms and -4.326% in JPY terms.
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rffrydr · Posted: Thu Dec 10, 2009 1:30 pm Post subject:

Japan's debt, a deeper look may surprise:

http://www.ft.com/cms/s/0/08a732de-e399-11de-9f4f-00144feab49a.html
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