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Seeking Alpha (Free subscription) | yesterday
A mountain of data out this morning. The data was more or less in line with expectations, but investors are once again more focused on the dollar and the potential liquidity implications. Stocks recovered sharp overseas losses in early morning trade before tanking again, recovering again and tanking as I write. The bi-polar market is still alive and well . GDP was in-line, but does mark the official...
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Seeking Alpha (Free subscription) | yesterday
TraderRob submits: While the phenomenon hasn't received much attention, the Nikkei 225 headline Japanese stock index has diverted course from all other major economic player stock exchanges. The Nikkei turned negative on August 14, 2009 and hasn't been able to resume the congruent pattern that all other major stock market indexes seem to be following. One can notice the sharp downward shift of the...
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Seeking Alpha (Free subscription) | yesterday
In 1990, Japan’s economy was the envy of the developed nations, with a high savings rate, high investment, a balance of payments and a fiscal surplus—but this apparent health masked one of the biggest bubbles in modern economic history. By 2009 and after a debilitating Heisei Malaise, Japan’s economy is but a mere shadow of what it was in 1990. The popular view is that Japan’s...
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Seeking Alpha (Free subscription) | yesterday
Abbi Adest submits: Japan’s economy and ETFs have a new battle to fight: deflation. In fact, for the first time since 2006, the country’s Cabinet Office acknowledged that it was contending with the dreaded D-word. Consumer prices and deflationary pressures have been facing Japan for months, but this summer the pace began to quicken. On Nov. 20, Japan’s Cabinet Office issued a monthly...
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Seeking Alpha (Free subscription) | 11/22/2009
John Mauldin submits: From ghoulies and ghosties And long-leggedy beasties And things that go bump in the night, Good Lord, deliver us! --Old Scottish Prayer Complete Story »
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Seeking Alpha (Free subscription) | 11/20/2009
David Hunkar submits: The complete list of Japanese ADRs traded in the U.S. is listed below: ADR Name Ticker Industry Advantest ATE Tech.Hardware&Equip. Canon CAJ Tech.Hardware&Equip. Hitachi HIT Electron.&ElectricEq Honda Motor HMC Automobiles & Parts Internet Initiative Japan IIJI Software&ComputerSvc Konami KNM Leisure Goods Kubota KUB Industrial Engineer. Kyocera KYO Electron.&ElectricEq...
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Seeking Alpha (Free subscription) | 11/19/2009
Hickey and Walters ( Bespoke ) submit: While equity markets around the world have been charging to new 52-week highs over the past six months, Japan's Nikkei-225 has been stumbling. As shown below, the Nikkei has been in a downtrend since early August, and it just broke to new short-term lows in recent days. The S&P 500 is up 16.57% over the last six months while the Nikkei is up just 2.79%. click...
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Seeking Alpha (Free subscription) | 11/19/2009
Reuters ( article in Japanese ) reports that Goldman Sachs issued a report earlier this week that argues M&A will be the major theme for Japanese equities in 2010. Having a ‘macro’ investment theme for the start of each new year is a ritual for brokerages in Japan, although it seems no one ever has the resolve to action or follow through; and the M&A theme itself is not a new one....
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Seeking Alpha (Free subscription) | 11/18/2009
Japan Telecommunications • Nippon Telegraph & Telephone Corp. ( NTT ) had a 38.2 percent decline in its fiscal second-quarter net profit, as demand for its mobile phone services slackened . NTT had a 142.7 billion yen (US$1.6 million) net profit, as revenue declined to 2.4 trillion yen (US$26 billion). NTT's lackluster results mainly reflect weak performance at its unit, NTT DoCoMo Inc.,...
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Seeking Alpha (Free subscription) | 11/18/2009
Washington's Blog submits: My first reaction at seeing the headlines that the Japanese economy grew more than expected in July-Sept was excitement. After all, the main news coming out of Japan has been gloom and doom recently (and see this ). Complete Story »
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Seeking Alpha (Free subscription) | 11/18/2009
Brian Kelly submits: As the obsession with the “falling dollar” continues we have been scouring the globe for a catalyst to stop the decline. Last week, Fitch warned Japan that if government spending is not curtailed it faced a ratings downgrade. Japanese debt as a percentage of GDP is already the highest in the G7 at over 180%, and the IMF estimates it could rise to 227%. The risk is...
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Seeking Alpha (Free subscription) | 11/17/2009
Clive Corcoran submits: The Nikkei 225 continues to display the most negative characteristics of any of the world's major equity indices. In trading Tuesday (November 17th) the index dropped back and the short term support line close to 9700 is in danger of being violated. The clear breaks below two recent "fan" lines also underline the fact that the Japanese bear market which began in 1990...
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Seeking Alpha (Free subscription) | 11/16/2009
Jim Delaney submits: Allowing U.S. banks to keep bad assets on their books has resulted in a continued unwillingness to lend and generated a host of comparisons to Japan’s economy in the 90s which has been dubbed “The Lost Decade”. The question now is not whether it was a lost decade but whether that decade is part of a lost generation. With their CPI falling 4.3% since 1989, deflation...
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Seeking Alpha (Free subscription) | 11/16/2009
Macro Man submits: It's been raining cats and dogs for most of the last week (though sadly not during this turgid displa y, which might have excused the unappetizing fare on offer), so Macro Man has domestic pets on the mind. After a brief respite last week, it feels like every man, woman, cat and and dog in the world has put in a bid for gold, taking the shiny metal/only "real" currency/barbarous...
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Seeking Alpha (Free subscription) | 11/16/2009
The Good News Economist submits: Rapidly growing neighbors as well as government stimulus programs helped Japan return to growth much more quickly than anyone had expected. Japan's Q3 growth surged sharply at a 4.8% annualized clip. It was Japan's second consecutive quarter of growth -- accelerating from the 2.7% annualized rate of Q2. The good news for Japan early Monday comes on the heals of solid...
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