MarketThoughts.com Home Page
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups  StatisticsStatistics   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

JAPAN
Goto page Previous  1, 2, 3 ... 11, 12, 13 ... 24, 25, 26  Next
 
Post new topic   Reply to topic    MarketThoughts.com Forum Index -> Market Commentary
View previous topic :: View next topic  
Author JAPAN
rffrydr
Moderator
Moderator


Joined: 30 Oct 2005
Posts: 16421
Location: Sunny California

PostPosted: Fri Mar 03, 2006 12:25 am    Post subject: JAPAN Reply with quote

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."
_________________
Today is the Tomorrow you worried about Yesterday!
Back to top
View user's profile Send private message
Post new topic   Reply to topic    MarketThoughts.com Forum Index -> Market Commentary
Author JAPAN Replies
rffrydr
Moderator
Moderator


Joined: 30 Oct 2005
Posts: 16421
Location: Sunny California

PostPosted: Tue Nov 11, 2008 9:07 am    Post subject: Reply with quote

Japan’s October bankruptcies rose 13.4% y/y and 1.5% m/m.
_________________
Today is the Tomorrow you worried about Yesterday!
Back to top
View user's profile Send private message
rffrydr
Moderator
Moderator


Joined: 30 Oct 2005
Posts: 16421
Location: Sunny California

PostPosted: Sat Nov 01, 2008 8:22 am    Post subject: Reply with quote

Watch 'em (not) go: the "hodo-hodo zuko" and the generational rejection of money.


http://online.wsj.com/article/SB122548483530388957.html

Quote:
"They'll ruin Japan with their lax work ethic," says labor consultant Yukiko Takita. "They're supposed to be leaders of the next generation."

_________________
Today is the Tomorrow you worried about Yesterday!
Back to top
View user's profile Send private message
HenryTo
Site Admin
Site Admin


Joined: 06 Aug 2004
Posts: 11253
Location: Los Angeles, California

PostPosted: Thu Oct 30, 2008 11:16 pm    Post subject: Reply with quote

Bank of Japan cuts by 20 bps to 0.3%. First rate cut in seven years. Also introduces a temporary measure (similar to the Fed's) to allow the BoJ to pay interest on excess reserves. This will allow the BoJ to better control the policy rate while flooding the system with more liquidity:

http://www.boj.or.jp/en/type/release/adhoc/k081031.pdf
Back to top
View user's profile Send private message Send e-mail Visit poster's website
HenryTo
Site Admin
Site Admin


Joined: 06 Aug 2004
Posts: 11253
Location: Los Angeles, California

PostPosted: Thu Oct 30, 2008 9:13 am    Post subject: Reply with quote

Japan unveils its own fiscal stimulus package:

http://online.wsj.com/article/SB122535747793083815.html?mod=testMod
Back to top
View user's profile Send private message Send e-mail Visit poster's website
HenryTo
Site Admin
Site Admin


Joined: 06 Aug 2004
Posts: 11253
Location: Los Angeles, California

PostPosted: Wed Oct 29, 2008 8:28 pm    Post subject: Reply with quote

Markets have virtually priced in a 25 bps cut by the Bank of Japan this Friday:

http://www.bloomberg.com/apps/news?pid=20601101&refer=japan&sid=aHItmkVzBE4U
Back to top
View user's profile Send private message Send e-mail Visit poster's website
rffrydr
Moderator
Moderator


Joined: 30 Oct 2005
Posts: 16421
Location: Sunny California

PostPosted: Wed Oct 29, 2008 2:58 pm    Post subject: Reply with quote

Some of the force behind the yen's drive:

http://www.bloomberg.com/apps/news?pid=20601101&sid=aChQ_RUkxNnw&refer=japan
_________________
Today is the Tomorrow you worried about Yesterday!
Back to top
View user's profile Send private message
rffrydr
Moderator
Moderator


Joined: 30 Oct 2005
Posts: 16421
Location: Sunny California

PostPosted: Mon Oct 27, 2008 6:45 pm    Post subject: Reply with quote

As hard as it is to hold back the tide when your currency is being run-out it's that easy to trash when it's being run into. Just print, print and print. BOJ has made good profits running this but the big turn back in the '90s came with the japanese public. They may not want to invest in the US but they sure as heck will go on tour....and buy, buy, buy. Except for realestate.
_________________
Today is the Tomorrow you worried about Yesterday!
Back to top
View user's profile Send private message
HenryTo
Site Admin
Site Admin


Joined: 06 Aug 2004
Posts: 11253
Location: Los Angeles, California

PostPosted: Mon Oct 27, 2008 6:22 pm    Post subject: Reply with quote

Markets now expecting the BOJ to act:

http://www.bloomberg.com/apps/news?pid=20601087&sid=avchlotubF5g&refer=home

Annoncement will not come until after the BOJ has intervened. Traders around the world (especially in EM and Korea) are crossing their fingers here.
Back to top
View user's profile Send private message Send e-mail Visit poster's website
rffrydr
Moderator
Moderator


Joined: 30 Oct 2005
Posts: 16421
Location: Sunny California

PostPosted: Mon Oct 27, 2008 4:29 am    Post subject: Reply with quote

Japan has embarked upon this sisyphean task in the past--themselves. No doubt they want, and we need, coordinated global intervention. It's a question of whether they have the leadership admist their flailing politics. "The Great British Krona" they are calling sterling on the Alphaville board.

The problem with forced selling is that it is forced to continue. 13years of carry-trade is hopefully NOT behind this selling.

The splash we have made is now washing back onto us, with amplified force and the most perverse consequences. Oct 31st. Mutual Fund year end--we may be going on holiday.
_________________
Today is the Tomorrow you worried about Yesterday!
Back to top
View user's profile Send private message
diesel
Moderator
Moderator


Joined: 05 Oct 2006
Posts: 793
Location: Australia & New Zealand

PostPosted: Mon Oct 27, 2008 4:29 am    Post subject: Reply with quote

Jim Rogers has publicly said he is long the yen. There are no doubt others as well.

HenryTo wrote:
The other side of the trade is being forced to liquidate. They are not speculating. They have no choice.

_________________
All cats are gray in the dark.
Back to top
View user's profile Send private message
diesel
Moderator
Moderator


Joined: 05 Oct 2006
Posts: 793
Location: Australia & New Zealand

PostPosted: Mon Oct 27, 2008 4:25 am    Post subject: Reply with quote

Don't know about you but I don't have that level of confidence in Mr Masaaki Shirakwa. Confused
_________________
All cats are gray in the dark.
Back to top
View user's profile Send private message
HenryTo
Site Admin
Site Admin


Joined: 06 Aug 2004
Posts: 11253
Location: Los Angeles, California

PostPosted: Mon Oct 27, 2008 4:13 am    Post subject: Reply with quote

I agree - it needs to follow through and hit all the bids ASAP. The other side of the trade is being forced to liquidate. They are not speculating. They have no choice. The BoJ has to come in and take the other side, now.
Back to top
View user's profile Send private message Send e-mail Visit poster's website
rffrydr
Moderator
Moderator


Joined: 30 Oct 2005
Posts: 16421
Location: Sunny California

PostPosted: Mon Oct 27, 2008 4:10 am    Post subject: Reply with quote

It better come now. Idea
_________________
Today is the Tomorrow you worried about Yesterday!
Back to top
View user's profile Send private message
HenryTo
Site Admin
Site Admin


Joined: 06 Aug 2004
Posts: 11253
Location: Los Angeles, California

PostPosted: Sun Oct 26, 2008 10:26 pm    Post subject: Reply with quote

One of the most significant developments over the last few weeks: Japan's Finance Minister telling investors/carry-traders that it will intervene in the currency markets to stem the rise of the Yen:

http://www.bloomberg.com/apps/news?pid=20601087&sid=an0s9tXTrWFY&refer=home

Quote:
Japan is ready to take action on currencies if needed, Finance Minister Shoichi Nakagawa said after the Group of Seven said it was concerned about the recent excessive movements of the yen.
Back to top
View user's profile Send private message Send e-mail Visit poster's website
HenryTo
Site Admin
Site Admin


Joined: 06 Aug 2004
Posts: 11253
Location: Los Angeles, California

PostPosted: Sun Oct 26, 2008 2:53 pm    Post subject: Reply with quote

Japan ramps up its bailout package - to be implemented starting tomorrow:

http://www.yomiuri.co.jp/dy/national/20081027TDY01304.htm

Quote:
The government in considering increasing the amount of state funds that can be injected into ailing banks and other financial institutions in the country to deal with the global financial crisis from the currently planned 2 trillion yen to about 10 trillion yen, sources said Sunday.

It will announce an additional package of emergency market-support measures, which will include restarting the purchase of shares held by banks as early as Monday, according to the sources.

Some lawmakers in the ruling party are concerned that the figure of 2 trillion yen, thought to be the amount the government was considering for the bank recapitalization plan proposed in the bill to revise the Law on Special Measures for Strengthening Financial Functions, will be insufficient to prevent the deterioration of some financial institutions.

This has prompted some Diet members to propose that the government should increase the amount to 10 trillion yen in a bid to demonstrate the government's willingness to do as much as it can to steady the financial system by ensuring that domestic financial institutions stand on a firm base.

Kaoru Yosano, state minister in charge of economic and fiscal policy, said on a TV program Sunday: "The 2 trillion yen [the government currently plans as the maximum amount to be injected in the bank recapitalization program] won't be enough. I think it will be necessary to make 10 trillion yen available, putting aside whether we actually use this sum."
Back to top
View user's profile Send private message Send e-mail Visit poster's website

Please log in to view without the ad banners
Display posts from previous:   
Post new topic   Reply to topic    MarketThoughts.com Forum Index -> Market Commentary All times are GMT - 6 Hours
Goto page Previous  1, 2, 3 ... 11, 12, 13 ... 24, 25, 26  Next
Page 12 of 26

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Powered by phpBB