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  • News and Economic Review Zone Asia (Japan)

    BOJ Kuroda: I'm Not Trying To Affect Foreign Exchange Yen
    Tuesday, June 16th, 2015

    Bank of Japan Governor Haruhiko Kuroda said that he did not try to influence the exchange rate of the yen in a statement last week that sent the currency rise against the dollar.

    Kuroda said last week during a parliamentary session that the yen "is unlikely to weaken further in the effective real time." On this day he says that the real effective rate, which measures the yen in considering the trade, whose value is adjusted for inflation, are not indicators of bilateral exchange rates. He also said on Tuesday that he did not intend to say that he was not looking for a weaker yen.

    BOJ Governor's statement last week felt by some analysts to reduce the possibility of further monetary easing, because Japan further stimulus would normally weaken the yen. They also consider it as an unusual thing for policy makers usually limit their assessment of the exchange rate to give a comment on the rate of change, not the value.

    Although the presence of clarification on this day, the yen is still more powerful than before comments Kuroda. There have been signs that the Japanese authorities are not happy with the pace of decline in the yen against the dollar in recent weeks, sebelulum governor spoke at the Diet on Wednesday. Economy minister on June 9, has said that the move "suddenly" is not good, and the finance minister has seen the movement of "rough" on the currency.

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    • News and Economic Review Zone Asia (Japan)

      Japan Export Value Below Estimates Rise of May
      Wednesday, June 17, 2015

      The value of Japanese exports rose at the slowest pace in May since the decline in August last year, dampen the recovery in the country with the third largest economy in the world.

      Value of shipments abroad rose by 2.4% from a year ago, according to a report from the finance ministry on Wednesday, was below estimates for a gain of 3%. The volume of exports fell for the first time since February, down 3.8%.

      Decline in exports could weigh on industrial production for the manufacturing trying to reduce inventory replenishment that helps encourage faster economic expansion in the last quarter. Slowing growth in China, Japan's largest trading partner, has undermined demand, according to one analyst Toru Suehiro of Mizuho Securities Co.

      One analyst of the bank in Tokyo said that the increase in exports was weaker than expected, it reflects the slow pace of the global recovery. Bank of Japan will continue to monitor the downside risks seksasa on this.

      The value of Japanese exports to China rose 1.1%, it was the smallest increase since a decline in February, while the volume of shipments fell 4.5%. The volume of exports to the US fell 6.7%, this is the biggest drop since March 2013, with auto parts shipments fell 15.6%.

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      • News and Economic Review Zone Asia (China)

        China's Foreign Direct Investment Value Up 7.8% In May
        Thursday, June 18, 2015

        China managed to attract inflow of $ 9.33 billion of foreign direct investment in May, an increase of 7.8% from a year ago, reported by the Ministry of Commerce on Thursday.

        The figure was down from April, which reached $ 9.61 billion, which is 10.5% higher than a year ago.

        Total foreign investment langung the period from January to May rose by 10.5% to $ 53.8 billion.

        Total non-financial foreign direct investment rose 47.4% at an annual rate in the first five months of this year to $ 45.41 billion, according to data from the ministry.

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        • News and Economic Review Zone Asia (Japan)

          Keep BOJ Stimulus Monetary Base 80 Trillion Yen Per Year
          Friday, June 19th, 2015

          Bank of Japan kept monetary stimulus them on his record as Governor Haruhiko Kuroda seeks to spur inflation and announced plans to increase transparency.

          The central bank will continue to expand the monetary base at an annual rate in the rate of 80 trillion yen ($ 650 billion), they said in a statement on Friday, the result is in line with all the forecasts of 35 economists surveyed by Bloomberg. BOJ will Raise the frequency of reporting their economic outlook and the release assessment of each of the board members, this policy will begin next year.

          The decline of exports is the latest risk to the economic recovery slowed in which analysts see in the current quarter amid the company tried to reduce the amount of inventory is high. At the time of Kuroda said this week that inflation is still on track for the target BOJ and he appeared to backtrack from earlier statements that have put the brakes on a weaker yen, economists today are looking for more clarity in a press conference today.

          Analyst from one of the banks in the United States say that this is not for the BOJ to add stimulus. Data on consumer spending is still diverse and exports are also not too strong, but the overall outlook for the BOJ to maintain economic recovery.

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          • News and Economic Review Zone Asia (Japan)

            Kuroda: Weakening Yen Not Reduce Flexibility BOJ Policy
            Monday, June 22, 2015

            A decline in the yen exchange rate does not reduce the flexibility of the Bank of Japan, according to BOJ Governor Haruhiko Kuroda after BOJ maintains its stimulus program. After triggering the sharpest rally in the yen this year on June 10 last, Kuroda on Friday said that he could not say whether the strengthening or weakening of the yen which would have a positive impact for Japan. He reiterated that the inflation rate is still on track towards the central bank's target of 2% in the first half of the next fiscal year, even after the index inflation rate was the focus BOJ fell to zero in April. Analysts said the slow rate of export growth as risks to economic recovery, along with the increase in supply in the warehouse.

            Kuroda mengatkaan that so far weakening yen will not be an obstacle to the flexibility of monetary policy. Monetary policy only targets price stability, he added. The central bank will continue to increase the monetary base at an annual pace of 80 trillion yen (650 billion dollars), according to the BOJ statement on Friday, according economists' estimates. According to one economist, it is too early for the BOJ to add stimulus. The data rate of consumer spending mix and level of exports is not so strong, but overall the BOJ to maintain its view of the recovery, the economist added.

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            • News and Economic Review Zone Asia (China)

              Initial reading of Chinese Manufacturing Show Increased in June
              Tuesday, June 23, 2015

              The preliminary reading of China's manufacturing purchasing managers' index from HSBC, which measures manufacturing activity nationwide, rose to 49.6 in June from a final reading of 49.2 in May, reported by HSBC Holdings PLC on Tuesday.

              The reading is still below the 50 level, which separates expansion from contraction.

              A preliminary reading of the manufacturing PMI was in "the scope of the data which was mixed in June," as the output and the purchasing activity showed signs of improvement, while manufacturing continued to reduce their employees, with the biggest reduction in more than six years in June, reported by Annabel Fiddes, an economist at Markit which presents data in a statement.

              He said that this shows that the company relative to expectations of weak growth due to demand conditions both inside and outside the country are still relatively sluggish.

              He added that data showed the manufacturing sector has lost momentum of growth in the quarter kedia and Beijing may need to "increase their efforts to stimulate growth and job creation in the second half of this year.

              Figures from a preliminary reading of the PMI, which is also called the HSBC Flash China PMI, is based on 85% to 90% of total responses to HSBC's PMI survey each month and released about a week before the final PMI reading.

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              • News and Economic Review Zone Asia (Japan)

                Approaching the BoJ Optimistic Inflation 2% in First Half 2016
                Wednesday, June 24, 2015

                The release of the minutes of the monetary policy meeting the Bank of Japan in May showed a majority of board members are optimistic that inflation will accelerate and approach the target of 2% in the first half of 2015. Only one member, Takahide Kiuchi, who has a different opinion, he said inflation will not berakselesari due to salary growth and the economy is still weak.

                Kiuichi also still persisted in his desire to reduce the asset purchase program, known as the monetary base to ¥ 45 trillion, from the current ¥ 80 trillion per year while the other members agreed to maintain the monetary base, which makes the amount of noise 8 to 1.

                Although the majority still optimistic inflation target, but some members also said that the need to keep an eye on the weak inflation in Tokyo. BoJ also slightly revised up its outlook for the third largest economy in the world.

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                • News and Economic Review Zone Asia (South Korea)

                  Balance Effect Mers, the South Korean government Add Capital Expenditure
                  Thursday, June 25, 2015

                  South Korea's Ministry of Finance, today announced the launch of a fiscal stimulus worth $ 14 billion, including the injection of extra funds to the budget heading. At the same time the authorities also lowered the economic growth forecast for 2015.

                  Latest fiscal stimulus package is a continuation of monetary easing after the Bank of Korea (BOK) lowered rates to a record low of 1.5% two weeks ago. Monetary easing may be necessary to offset an adverse effect on the economy of Korea Mers virus. The new stimulus is expected to raise consumer spending and export performance hoist.

                  In stimulus 15 trillion Won ($ 13.5 billion) extra budget funds are included which amount has not been determined. The Ministry of Finance some time ago already confirmed that capital expenditure should focus on building the business sector negatively affected by outbreaks mers and create new jobs. The country is the last time to add funds budget in 2013 and then, with a total budget eksta 17 trillion Won.

                  In the book its annual economic report, the government also lowered its 2015 economic growth forecast from 3.8% to only 3.1% and 3.5% for 2016. For information on the past year, the Korean economy grew 3.3%, and believed not to reach level 3% this year if not accompanied by additional capital expenditure.

                  The inflation rate is predicted to be at an average level of 0.7% in 2015, far below the government's 2% target and nicks version last year at 1.3%. The biggest obstacle faced by government now is the effect of the spread of the virus Mers, which has claimed 29 lives and infected more than 180 people.

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                  • News and Economic Review Zone Asia (Japan)

                    Japan Inflation Up 0.1% in the month of May
                    Friday, June 26th, 2015

                    Japan's core inflation rate rose for the first time in two months in May, reported by the government on Friday, the possibility of raising expectations that the Bank of Japan will maintain an attitude of any extra steps for a while.

                    Core consumer price index rose 0.1% from a year ago last month, after moving flat in April, the data shown by the government. The economists surveyed by The Wall Street Journal and the Nikkei estimate for a flat reading.

                    Other data released today also support the economy.

                    Figures household spending rose 4.8% in May, adjusted for price changes, this is the first rise in 14 months, the government said. The unemployment rate unchanged at 3.3% in May, while the ratio of applicants to jobs at its highest level since March 1992 at the level of 1:19. That means that 119 jobs available for every 100 workers.

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                    • The Asian economy is quite complex

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