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    News and Reviews Asian Economic Zone

    Japan Quake Has Limited Impact on Asia

    Monday, March 21, 2011

    The recent earthquake that hit Japan is estimated to have a limited impact on financial markets neighboring Asian countries, the report showed Monday.

    According to the report of Standard Chartered, rapid response to stabilize Japan's financial system after the earthquake March 11 and a relatively small investment in Asia will help other neighboring countries to reduce the impact of the likely impact of natural disasters.

    Loans from Japan's banks are unlikely to be bothered either, the report said.

    Step by Bank of Japan to inject large amounts of liquidity after the earthquake to help shore up the nation crippled financial system and keep the money channel is open for other Asian countries like Thailand, Malaysia and South Korea, he said.

    But each country may feel the impact of natural disasters that differ from the third largest in the world economy.

    Philippines may face a decline in semiconductor exports to Japan due to weak demand from countries faced with tougher economic conditions after the quake, the report showed.

    Indonesia, meanwhile, can enjoy more profits by exporting raw materials needed to rebuild the affected country, he added.

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    Japan Economy News

    Tuesday, March 22, 2011

    Yen slips widely by anxiety intervention

    Yen falls against the dollar for a second day on Monday, with investors wary central bank sells more to weaken the Japanese currency, although the market may test the resolve of authority 'by pushing the currency back to the level of 80 yen.

    Traders said the discovery Friday is coordinated by the big banks the world center - the first such step since 2000 - has been successful to date, as the dollar stabilized around 81 yen and the volatility of the yen retreated from recent highs this.

    In the near term, analysts said 80 to 80.85 region could function as a support for the dollar against the yen, and fell below could see renewed intervention by the central bank. On the upside, resistance is seen around 82 yen, a post-intervention high set on Friday.

    "The market is certainly very wary about the central bank in the sidelines," said Dean Popplewell, head of currency strategy at Oanda in Toronto.

    "The market was also questioned who would intervene if the yen does not begin to appreciate it, whether it will be the Bank of Japan's own or other interventions will be coordinated, but at this time., no one willing to mengujnya," he added.

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    Korean Economic News

    South Korean Real Estate Development High prices slide

    Tuesday, March 22, 2011

    Secondary Development of South Korea has been overshadowed by the severe financial problems due to a prolonged slump in local housing markets, the trade ***ociation said Tuesday.

    More than a quarter of the 100 local builder above, including Lig E & C Co., which is placed under court receivership or workout program on Tuesday, according to the Construction ***ociation of Korea (CAK).

    The biggest reason for their cash shortage protracted downturn in the local property market which began in the 2008 financial crisis, the ***ociation.

    Only 1333 new homes sold in January, accounting for 8 percent from the comparable figure last year, according to the Korea Housing ***ociation.

    Also responsible for the credit crisis is the fact that they were too focused on the apartment building, unlike the top 10 local artisans who have a diversified business portfolio of engineering for industrial plants, industrial sources said.

    In addition, the decline in orders from the public sector to make the financial situation of middle-builders' bleak, says CAK.

    Total orders from the public sector came to ₩ 38.24 trillion (U.S. $ 34.1miliar) in 2010, down 34.6 percent from a year earlier.

    The number of builders who go belly-up last year reached 306, up 26.9 percent of 241 in 2009, according to CAK
    Last edited by mynameisandhy; 03-22-2011 at 06:01 AM. Reason: edited

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    Japan Economic News

    Japan Recovery Charges may Reaches $ 300 Billion

    The Japanese government estimates the total amount of damage caused by the earthquake that hit northeastern Japan this month will reach 15 trillion to 25 trillion yen, equivalent to $ 185-308 billion), the Nikkei newspaper reported Wednesday.
    Economy Minister Kaoru Yosano will show these estimates in a meeting menter-minister cabinet which will be held on Wednesday, the Nikkei said, without citing a source involved.

    This will exceed 10 trillion yen cost of the damage caused by the earthquake in Kobe in 1995, said the newspaper.

    The estimate will include the improvement of roads, housing, factories and other infrastructure but not including the fall in economic activity resulting from damage to the energy sector and the nuclear accident in Fukushima, the newspaper said it again.

    The government will use these estimates to design a recovery plan and emergency budget to fund the cost of recovery, the Nikkei said.

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    Yen Still Surviving on Approximately 81.00

    Friday, March 25, 2011

    Currently, the price still at 81.03. No signal from the yen to continue to trade between 80.70 and 81.30 with a loss of direction indicators and moving average which tends to flat on its hourly chart. Graph per 4-hour also looks flat though slightly bearish, with prices still in the flat movement in the SMA-20.

    "The movement continues to still be happening if the price is below the high at 81.30 as the top of the movement, despite continued consolidation seen with the market looking for direction from the fundamental side, " said Valeria Bednarik, analyst leader of FXstreet.com.
    Current support level is 80.70, 80.50 and 80.25. Current resistance level is 81.30, 81.65 and 82.00.

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    Aussie Strong Survive Near 35 Year High

    Friday, March 25, 2011

    Prices are currently located at 1.0194 level. Australian Dollar is in a position mild correction after rising to a level of 1.0223 ***ociated risk appetite that occurred yesterday, near the high for 35 years in December 2010.

    "overbought condition shown in the graph per hour, the movement of a bearish correction is still slightly limited by the price action to consolidate in the range of 20 pips since the mid U.S. session, " said Valeria Bednarik, analyst leader of FXstreet.com.

    Current support level is 1.0160, 1.0110, 1.0070. Current resistance level is 1.0220, 1.0256, 1.0280

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    Hong Kong banks agree to repay Lehman investors' losses

    Monday, 28 March 2011

    Hong Kong banks will from WHO repay investors lost money after the collapse of investment bank Lehman Brothers.

    Sixteen banks have Agreed to buy back They sold financial instruments to investors for up to 96.5% of Their Value.

    More than 40.000 customers Had invested close to $ 2.5bn (? 1.6bn) in Lehman's financial products.

    Lehman Brothers filed for Bankruptcy in September 2008 due to an economic slowdown and credit crunch.

    The repayment of losses incurred Following the collapse has been an ongoing saga in Hong Kong.

    Investors accused the banks of misleading Them with complex products, triggering a tussle Between customers, banks and Regulators.

    The banks Had Previously Offered to buy back the products at 60% of Their value in 2009.

    The current offer will from need to be approved by at least 75% of the WHO investors hold the products. They are expected to hold meetings to discuss the issue in the coming months.

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    News and Reviews Asia Economic Zone (Korea)

    Manufacturing Sentiment Rising South Korea Into 2nd Quarter

    Tuesday, March 29, 2011

    South Korean manufacturing companies expect improved market conditions in the second quarter of 2011, despite the poverty in the first three months of this year, a government poll showed Tuesday

    Ministry of Industry said the knowledge business survey index (BSI) for the period April-June reaching 115, up from 96 the actual index numbers calculated for the first quarter of this year.

    The figure above 100 means pessimists than optimists. The survey was conducted on 499 national manufacturing companies with good overall condition and business-wide review.

    "Despite the poorer than expected showing in the first quarter, businesses expect things to improve in the coming months thanks to solid growth in sales, domestic demand, exports and profits,"the ministry said.

    According to the findings, the index for expected sales jumped to 120 from 106 estimated in the first quarter. Figures BSI domestic demand rose to 116 from 103 with figures for exports and profits reached 111 and 104, respectively.

    A recent survey, in addition, shows most companies believe that there will be a better market conditions, with robust gains in semiconductor, automobile, machinery and steel, although there are more pessimists than optimists in shipbuilding.

    Manufacturing companies, meanwhile, said that sluggish sales, market conditions domestically and abroad and declining profits all affected BSI rate in the first quarter.

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    News and Reviews Economic Zone of Asia (Japan)

    Japan's TEPCO Nationalization Not to Consider

    A spokesman for the woman from the Japanese government said on Tuesday (03/29) that no government entity anywhere who study the nationalization plan Tokyo Electric Power Co.. The future operator of nuclear facilities in Fukushima Daiichi problem is still unclear.
    Yukio Edano said in a press conference that it (nationalization) has not been considered. Comments Edano abort news in Yomiuri newspaper that reported the possibility of nationalization of TEPCO. The report quoted government sources unnamed.

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    Korea's GDP 6.2%

    Wednesday, March 30, 2011

    Korea Q4 GDP rose 0.5%, but down 0.6% from Q3. Korea's GDP rose to 4.7% compared to Q3's 4.4%. Q4 GDP growth below the BOK estimated 4.8% in January. Korea's GDP Growth 6.2% a year, the highest rise since 2002, which rose 7.2%.

    Analysts said the economic growth rate this quarter between 1% -1.5% due to bond / export and local demand, pushed inflation expectations higher. BOK Q1 growth estimate of 1.3%. Central Bank monetary policy is expected to resume this year after raising rates in January and March each 25 bps, the current interest rate to be 3:00%. The increase in interest rates to limit inflation pressures.

    Inflation this year is estimated to be 3.5% compared to last year's 2.9%.

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