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rffrydr
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 Posted: Fri Mar 03, 2006 12:25 am Post subject: JAPAN |
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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
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| Posted: Thu Aug 25, 2011 8:03 am Post subject: |
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Well here it is, the japanese see the "japanification of USA":
http://www.bloomberg.com/video/74104870/
"...the storm is over, the tsunami begins."
Not on my watch. 
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HenryTo
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rffrydr
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| Posted: Fri Aug 19, 2011 10:32 am Post subject: |
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ay, August 19, 2011 9:26:45 AM RTRS – JAPAN FINMIN OFFICIAL: “THERE IS NO REASON THAT THE YEN SHOULD BE REGARDED AS A FLIGHT-TO-SAFETY CURRENCY”-WSJ EUR= EURJPY= JPY= 
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HenryTo
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rffrydr
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| Posted: Thu Aug 11, 2011 7:47 am Post subject: |
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Even for those who believe we're turning japanese there's value:
| Quote: | | ...o have a lot more to do with positioning than anything else. How does TMM know this? Lets look at it this way – if the US housing market were to explode then Annaly Capital Management would be in serious trouble and a lot of the action in banks would be consistent with that. As it happens, Annaly has not done much while Bank of America has traded down 50%+ YTD. TMM are generally of the view that US banks will be sued for an indefinitely long period of time and could be a longer term value trap as they de-lever. That being said, 0.33x Price to Book seems crazy – it is even lower than Japanese banks now which have been on the low-to-mid single digit ROE grind for some time and took much longer to have their “come to Jesus” moment on marking their books. Even during the 90s the Topix Banks index (see chart below) traded consistently higher than that. |
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rffrydr
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| Posted: Fri May 27, 2011 7:47 pm Post subject: |
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Wall St. still trying to get its head around autos: "GDP" is a measure of PRODUCTION. New homes bounce-back implies 12000 homes/year! That's where it's happenin' anymore. And Facebook....is Facebook.
http://www.bloomberg.com/video/70268650/
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rffrydr
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rffrydr
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| Posted: Wed Apr 20, 2011 7:05 am Post subject: |
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TOKYO (AP) – Japan’s exports fell for the first time in 16 months in March, hit by the fallout from last month’s massive earthquake and tsunami, which destroyed factories and damaged ports.
Auto exports especially took a beating as the twin disasters forced Toyota Motor Corp., Honda Motor Co. and Nissan Motor Co. to suspend their all Japanese production due to shortages of components.
Vehicle exports, which account for 10 percent of Japan’s total shipments, plunged 27.8 percent in March, the finance ministry said Wednesday. U.S.-bound auto exports dropped 27.2 percent with vehicle shipments to Asia down 23.4 percent.
Overall exports in March declined 2.2 percent to 5.87 trillion yen ($71 billion), marking the first year-on-year fall in 16 months. Imports rose 11.9 percent to 5.67 trillion yen last month, the ministry said. The trade surplus for the month was 196.5 billion yen, down 78.9 percent from a year earlier.
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nodoodahs
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| Posted: Mon Apr 11, 2011 11:58 am Post subject: Re: Tears for Japan will lead to a Boom |
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| KeithSpringer wrote: | | Japan was already in a world of hurt, financially speaking. Their tremendous deficits are estimated at over 210% of GDP, and the world was no longer turning a blind eye as everybody from traders to the credit agencies were essentially putting them on notice. However, now the Japanese government has an excuse to borrow and spend and will be given consent to do so. They will be required to borrow trillions to repair their infrastructure…and who would fault them. Sure, it will only increase their debt load and create a worse economic situation years down the road, but investors and the financial markets do not look that far. The fact of the matter is that trillions will be spent by the government which will put people to work and actually be a boom for Japan, albeit a mini one, and they will be given a hall pass to do so. |
The forum requires a moderator approve first posts before they appear, to prevent spam.
I approved this post because it seems like you actually want to be part of the conversation, which is great! We love that here!
But I removed the article link, because it's to your own site, which is awfully "spammy" in a first post. Wait until you've been part of a few different conversations and then occasionally link to your own site only if the idea is too complex to put into a forum post. A habit of posting nothing but links to your own work will be treated as spam.
Also, I removed the signature line. The appropriate place for a permanent link to your home page is on your profile, I know you've found that, since you have that link enabled. Save the sig line for something profound or funny or profoundly funny and delete the link from it, we're here for the discussion and not for generating Google-love.
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KeithSpringer
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| Posted: Mon Apr 11, 2011 10:19 am Post subject: Tears for Japan will lead to a Boom |
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| Japan was already in a world of hurt, financially speaking. Their tremendous deficits are estimated at over 210% of GDP, and the world was no longer turning a blind eye as everybody from traders to the credit agencies were essentially putting them on notice. However, now the Japanese government has an excuse to borrow and spend and will be given consent to do so. They will be required to borrow trillions to repair their infrastructure…and who would fault them. Sure, it will only increase their debt load and create a worse economic situation years down the road, but investors and the financial markets do not look that far. The fact of the matter is that trillions will be spent by the government which will put people to work and actually be a boom for Japan, albeit a mini one, and they will be given a hall pass to do so. |
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rffrydr
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| Posted: Wed Apr 06, 2011 8:07 am Post subject: |
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| Quote: | | The unusually large concentration of production at a single site such as Shin-Etsu's Shirakawa campus, he said, may reflect a wider tendency, especially in Japanese society, to centralize operations, whether it's government or private organizations. |
Culture comes first:
| Quote: | | What's more, the disaster and its aftermath revealed just how far some companies had pushed the just-in-time supply system. The practice, pioneered by Toyota Motor Co., allows companies to reduce inventories, thus freeing up cash for more profitable use elsewhere. But in managing supplies ever so tightly, companies also narrowed their vendors, sometimes to just one or two, leaving little margin for adjusting if something went wrong. |
http://www.latimes.com/business/la-fi-quake-supply-chain-20110406,0,5806342.story
Am looking to buy Japan here. Considering the IB's with western expansion but probably japan (non-consumer) itself. On the face of it this crises will remind western investors already looking to japan of just how much we take for granted there. Clearly these are companies we cannot live without. Not only will the quake stimulate rebuilding, it will stimulate rebuilding in a new image. I was looking for a new nationalism (fishing boat incident?) to provoke an investment but the old natural disaster in asia might be enough. It wasn't enough in Kobe, yes, but the funk wasn't deep enough.
Bloomie did an interview last week with a money manager over there who made the point that under the funk of the indexes there was much going on. Stealth bulls, decouplings....the return of the stock-picker. That alone will bring cash. Then there's the BOJ: already we've had the yen stabilization and there's just no way 'round it, this is our QE III.
Biggest worry? Yen. Too high. But that's been wrong for decades. 
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rffrydr
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rffrydr
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| Posted: Wed Mar 16, 2011 7:01 pm Post subject: |
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The MIT site comes without the politics:
http://mitnse.com/
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