News and Reviews Asian Economic Zone

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News and Economic Review Zone Asia (Japan)

 

The Japanese economy is still contraction, easing Continues Until When?

Tuesday, October 30, 2012

 

Bank of Japan to extend its asset purchase program for the second time in two months, this is a move that failed to cheer investors as stocks slump amid evidence that the economy contracted in the last quarter.

 

Easing funds will increase by 11 trillion yen ($ 138 million) to 66 trillion yen, while it separately for the program loan will remain at 25 trillion yen, the central bank said in Tokyo, the bank acted after data showed the biggest drop in production since earthquake last year. BOJ offers unlimited loans to banks in order to increase the demand for credit.

 

The Nikkei 225 Stock Average closed down 1 percent and the yen remains strong as faltering exports and reduced domestic demand so that the issue strengthens the argument for further easing in the coming months after the bank predicted inflation would not reach the target in the next two fiscal years.

 

Economy Minister Seiji Maehara attended the second meeting of the BOJ today, and in a joint statement BOJ Governor Masaaki Shirakawa, he said the government was "deeply expects" strong easing to overcome deflation.

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News and Economic Review Zone Asia (Japan)

 

Preparing to Confront Recession, BoJ Loosen Policy

Tuesday, October 30, 2012

 

Bank of Japan continued the purchase of assets of 11 trillion yen (or about $ 138 billion) this Tuesday, easing monetary policy for the second time this month amid mounting pressure for a more robust action to counter deflation and economic support in order to cope with the recession. The central bank also decided to create a new scheme to offer low-interest loan fund for the long term to the banking sector, with no limit to the amount to be lent Danya.

 

The central bank pledged to pump funds worth 91 trillion yen through asset purchases and lending programs, as a tool for policy easing, with a fund of 10 trillion yen government bond purchases beyond. Remaining funds as much as 1 trillion yen will be used to purchase commercial papers, corporate bonds or corporate bonds and REITs (Real Estate investment Trust). As expected, the Bank of Japan hold their lending rates in the range of 0 to 0.1%.

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News and Economic Review Zone Asia (Japan)

 

BoJ Perform Additional Funds

Tuesday, October 30, 2012

 

BoJ to raise the amount of additional asset purchase program by Y11 trillion to Y91 trillion. BoJ also increase the amount of purchases of Yo.1 trillion commercial paper and government bond purchases by Y0.3 trillion.

 

Bank of Japan decided to continue monetary easing measures for the second month in order to fight deflation and promote the recovery of the Japanese economy.

 

Nikkei went down to 8845 while the USD / JPY at 79.46.

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News and Economic Review Zone Asia (China)

 

China's PMI In October Again Expands

Thursday, 01 November 2012

 

China's manufacturing activity growth in October after experiencing contractions for 2 months, according to a release of the PMI data Thursday. The Manufacturing PMI Data monthly figures recorded 50.2, slightly below forecasts of 50.3% from a Reuters survey of economists, but still higher than the figure of 50, according to data released by the China Federation of Logistics and Purchasing and the National Bureau of Statistics.

 

The official PMI Data appears in Figure 30.5 in September. A reading above 50 points indicates an improvement (in growth), while below it shows the presence of repetition (contraction).

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News and Economic Review Zone Asia (China)

 

The Rise Of Chinese Manufacturing Indicates A Revival In The Fourth Quarter

Friday, 02 November 2012

 

China's manufacturing had expanded for the first time in three months as rising production and new orders, adding to signs of growth in China's economy that grew aggressively after slowing down on the previous quarter to seven.

 

The Purchasing Managers Index rose to 50.2 in October than the previous month at 49.8, the National Bureau of statistics and the China Federation of Logistics and Purchasing said today in Beijing. A separate survey from HSBC Holdings Plc and Markit Economics said the index had been at the highest level in eight months.

 

The Shanghai index rose to the highest level in three weeks, over existence proves the reports added the expansion in the current quarter after industrial production, exports and retail sales rise in September. The Data may also reduce the pressure on Prime Minister Wen Jiabao to launch additional stimulus measures during a decade he led.

 

"The worst is behind us," said Joy Yang, Chief Economist at Mirae Asset Securities Ltd. in Hong Kong in an interview with Bloomberg television. "Monetary policy has completed his job "and" there is no way we will see other than cutting interest rates because we think inflation will recover. "

 

China's economy grew by 7.4 percent in the third quarter compared to a year earlier, the slowest rate in the last three years. Bank of America in Hong Kong on this week raise the estimated growth in the fourth quarter amounted to 7.8 percent from the previous 7.5 percent. Meanwhile Nomura Holding Inc. projecting will rebound to 8.4 percent.

[mynameisandhy]

News and Economic Review Zone Asia

 

Reduce Market Risk Activities; Profit Taking

Monday, 05 November 2012

 

Start this week (Monday, 10/11), in general the Asian market is moving in the negative territory mainly because investors are carried away by the selling action carried out at the end of last week included the selling action going on at the Wall Street stock exchange.

 

These days it appears to decrease the activity of investors who are at risk because the perpetrators of the market certainty appears to be looking forward to the middle of the u.s. presidential election this week. Data tenagakerja – even the Non-farm Payrolls and factory orders that appeared to improve above expectations, was unable to stem the negative market sentiment for profit taking.

 

Throughout October 2012, new jobs are successfully absorb the workforce in the United States has reached 170 thousand, and this gives rise to positive sentiment to Barack Obama when the presidential election campaign. And it certainly would lower the popularity of his opponent in the election, Mitt Romney is now the principal Idol of the stock market on Wall Street.

[mynameisandhy]

News and Economic Review Zone Asia

 

Depressed Asian Markets along with the ' Wait and See '

Thursday, 06 January 2011

 

Until noon at the trading session on Tuesday (9/11), a number of major Asian indexes appear to be depressed as investors still appear to be wait and see is not even a little is reluctant to enter the market ahead of the release of a position on the election results in the Americas.

 

Among the major indexes in asia, the Hang Seng stock exchange saw the sharpest Yixin even today finally broke down mainly due to top-level 22000 dragged down shares of HSBC Holdings shrank to 1.4%. The Hang Seng index slumped 0.53% recorded-or-115.73 points to as low as 21890.67.

 

Terpuruknya HSBC shares, especially after Europe's largest bank, is reportedly facing charges of anti money laundry law Party America. And the cost of the charges levied the bank recorded up to $ 1.5 billion.

 

While Japan's Nikkei index plunged due to the weakening of the single currency Euro, which led to the exporter sector again hard hit. But the weakening of the stock index may be limited thanks to Toyota Motor still appears to rally after reporting net profit jumped kuartalannya to three fold as well as raising revenue projections ' full year ' or a full year. Until the day the Nikkei recorded sessions-0.44% or-39.57 points on the level of the range 8967.87.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Beware Of The Movement Of The Nikkei

Wednesday, 07 November 2012

 

U.s. President Barack Obama who was re-elected in the elections know this will most likely be back to facilitate the continued easing program. His victory gave the opportunity for the dollar exchange rate remains strong and the yen exchange rate will still be weak.

 

Under the stimulus program Operation Twist, the U.S. central bank has been selling bonds and buying short-term bonds with a longer tenor. The scheme is scheduled to expire later this year.

 

The market is likely to be more vulnerable to speculation over US monetary policy in the coming months. If the yen continues to terapresiasi due to the monetary easing measures expectations continue to run in the u.s., this will result in negative on the Tokyo Stock Exchange. The Nikkei index could be dragged down to the level below 8,500 before the end of the year.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Machinery Orders Figures For Japan Is Shrinking

Thursday, 08 November 2012

 

Core machinery orders in Japan beyond the allegation down 4.3% in September from the figure of last month, a signal that the company is back doing the trimming production to face the possibility of a recession.

 

The numbers decrease exceeded the forecasts of economists surveyed were by Dow Jones Newswires, whose estimates decreased an average of only 1.2% of the period last month after the month of August was down 3.3%. The number of core orders also dropped 7.8 percent from the same period last year. Figures for machinery orders is an indicator of corporate capital investment. Core orders outside the company's power plants.

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

China's CPI To Subside In October

Friday, 09 November 2012

 

CPI Data from China indicate the existence of a surprising decline in October, where the wholesale price levels moved down further, according to data released Friday. The consumer price index rose to 1.7% from the previous year, even though a separate survey from Dow Jones Newswire and Reuters citing data will increase by 1.2%, as was the case in September.

 

The producer price index was down 1.7% from the previous year, slightly above the fall amounted to 2.7% predicted the Dow Jones Newswire and Reuters, but still slowed from previous months from the fall of 3.6%. Stock indexes in Hong Kong and Shanghai to escape from low level after the release of the data. The Shanghai index turned positive after the index opened weakened, while the Hang Seng's own trim fall of 0.4% from the opening price to be 0.4%. The emergence of such data will give the space a possibility it does policy easing where necessary.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

GDP Figures Undermine Japan's Economic Outlook

Monday, November 12, 2012

 

Japan'S GDP figures showed a decline as seen a drop in the consumption of suramnya economic outlook signals Japan, obviously Long Hanhua Wang, an economist at RBS Securities Japan. "Domestic consumption is in decline," he explained.

 

"Consumption figures to be the driving factor for the economy, the current outlook of the economy should be taken down." Japan GDP figures to contract 3.5% during the period July-September. Private consumption fell 0.5% per quarter. "The uncertainty about the global economic outlook is still uncertain," he said. "Exports were still weak due to the political turmoil that was triggered by a dispute over the island between China and Japan. Demand from abroad seem to be recovering gradually. "

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

The Nikkei Noted decline in 7 sessions in quick succession

Tuesday, November 13, 2012

 

Japan-Nikkei ended with a decline for the seventh consecutive session on Tuesday (13/11), so the index record closing level new low in the last 6 weeks.

 

The Nikkei closed down weakened 0.2% at level 8661.05-or as much as 15 points, while Nikkei futures contract ended at level 45 points-8665. Attenuation index mainly due to investors fears of a new outbreak of fiscal problems where the us can muster the largest country in the world went into recession zone.

 

Based on technical indicators trend duration 4 hours (H4), Japan saw the Nikkei index – conditioned bearish because the indicator MACD and Moving Average downtrend, including Stochastic maneuver that has been dropped.

 

So at the next session II, the Nikkei will continue to support a bearish pattern 8600 8570 8540 until then. While the index will only got a little strut rally to resistant 8670 then 8700 to 8,730 Fibonacci retrace (38.4%)

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Negative Sentiment Limit The Gain Of The Nikkei

Wednesday, November 14, 2012

 

By noon, the movement of the Nikkei index rises 0.1% to 8.665 though volume of transactions observed minimal. However, the strengthening of an index limited by anxiety over the US budget and debt problems in Europe, according to Hiroichi Nishi, General Manager at SMBC Nikko Securities.

 

"While it took to resolve the issue of the fiscal cliff U.S. as well as European debt problems. The movement of the Nikkei index will be in the range-8750 8600 range. 14/33 subindeks moving up to stock brokers and real estate led the market gains. Nomura Holdings + 1.1% to Y286. Mitsubishi Estate + 1.6% to Y1,560. Aiful rose 23 per cent to Y294 after reporting profit gains.

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

China Lower Fuel Prices

Thursday, November 15, 2012

 

The Chinese Government on Thursday announced a decision to lower fuel prices by more than 3%, in an effort to provide further stimulus to the 2nd largest economy in the world which has shown signs of recovery in recent months.

 

The country's Economic Planning Agency or the National Development and Reform Commission lowered the price of gasoline and diesel fuel respectively amounted to 3.2% and 3.4% to approximately $ 4.11 and 4.28 per gallon. The decision effectively valid from Friday tomorrow.

 

Adjustment to the retail price of gasoline and diesel fuel are expected to be able to hit input costs and help relieve inflation that has been perched at the lowest point in almost three years. China's GDP 3rd quarter is growing at the slowest pace since the first quarter of 2009. However, industrial production seen beginning to rise again in September and October, most of which triggered an increase in infrastructure spending.

 

NDRC last adjustment of fuel prices on September 11, by raising more than 6% in an effort to respond to a surge in world oil prices.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Japan's Parliament Dissolved

Friday, November 16, 2012

 

Prime Minister Yoshihiko Noda has dissolved the Parliament and expedite the implementation of the upcoming presidential election on December 16, after opposition parties approved the Government budget and the reform of the electoral system. Nevertheless, the party 07-led the stain seems to be struggling if still want to dominate Parliament. The last survey showed the LDP'S opposition party will win the elections; This means that former Prime Minister Shinzo Abe was able to return to power.

 

"The election will determine the fate of Japan. LDP party would ensure that the economy can recover in a sustainable way, "said Abe, who has served as Prime Minister of Japan in the period 2006-2007. The focus of the election seem to be dwelling on the role of the BoJ in the recovering economy, the future of nuclear power in the aftermath of the tragedy of Fukushima, and whether Japan would participate in the Trans-Pacific Partnership trade pact, led by the United States.

 

Nevertheless, the election probably will not be able to resolve the political impasse that has undermined the performance of the economy at a time when Japan had to deal with the structure of the society which is more dominated by parents and the rising role of China. "When the political situation become garbled as it is always the people who are going to be sacrificed," said Akio Toyoda, President of Toyota Motor. "We want a leader who can understand the difficulties of the community. Someone who can lead the country where hard work will get the rewards are worthwhile. "

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Noda Instruct The Fiscal Stimulus Package

Friday, November 16, 2012

 

Minister of Finance of Japan, Koriki Jojima said that Prime Minister Yoshihiko Noda has given instructions to the Government to compile a fiscal stimulus package on 30 November. Packages used for stimulating the economy during the next post-election and which is scheduled to be held on 16 December. "The Prime Minister Cabinet telahmenginstrusikan to compile additional stimulus measures if needed," explained Mr. Jojima in a press conference today (16/11).

 

The package will be compiled from the remaining funds from the budget of fiscal year 2012. "This package is urgently needed given the current economic conditions." "Japan's economy is currently in a State that is in need of extra attention," he added. Mr. Jojima also said part of the deficit financing will give greater space for the Government to give a larger spending package, despite the large amount of the package has not been well thought out, according to Mr. Jojima announcement after giving the number of extra spending plan in order to support the economy is worth Y400 billion.

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News and Economic Review Zone Asia (China)

 

The Change Of Leadership Will Foster Exchanges – Mio

Friday, November 16, 2012

 

The change of leadership in China will be displacing the largest pressure from stock exchanges in China when a new Government will soon conduct reforms, said Victoria Mio, portfolio manager of Robeco Hong Kong Ltd.

 

"Investors now anticipate a more pro-active government", said Mio. "The impact of positive sentiment emerged as the biggest pressure of getting rid of the sentiment of China exchange year".

 

Shanghai stock index down 0.7% to a low of 7 weeks at number 2, 030.29 today, while the Communist Party of China said a new generation of leaders that is expected to raise the economic growth rate this year from late more than 1 Decade. Xi Jinping was appointed Secretary General of the party, put it in the Groove as a presidential candidate.

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News and Economic Review Zone Asia (Japan)

 

Worry will be Easing the BOJ, the Yen is getting Mired down

Monday, November 19, 2012

 

The Yen plunged to the lowest level in seven months against the u.s. dollar on Monday amid concerns about monetary easing in Japan, while increasing opportunities for U.S. fiscal cliff resolution also helped the euro and other risky currencies.

 

The Euro was also lifted by the prospect of a eurozone finance ministers agree with the IMF over a two-year funding deal for Greece.

 

Dollar stable at 81.20 yen, after earlier briefly strengthened to the level it was 81.59 yen, the highest level since April 25.

 

Investors have been leaving the yen after the elections referred to December 16, and the leader of the opposition Liberal Democratic Party (LDP), which is expected to win, they called on the BOJ to print "infinite yen" and set the bungan at level 0% or below.

 

However Investors alert to the much lower terdoronganya yen before the Bank of Japan announced his policy on Tuesday, where the vast majority of analysts predict the BOJ will refrain from announcing the addition of monetary easing.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

The Number Of Assets The BoJ Purchases Unchanged

Tuesday, November 20, 2012

 

Today (20/11) the Bank of Japan decided to keep interest rates. The lack of new measures which will be undertaken of the BoJ already can be predicted by analysts after the BoJ to take additional steps and new bank lending programs announced at a meeting of the three last week.

 

The BoJ also maintained the amount of assets purchases which become the main tool of monetary easing worth 100 trillion yen ($ 1,174 trillion). The BoJ said it would continue aggressive monetary easing steps. The results of the BoJ meeting deal lasted two days resulted in that the BoJ kept interest rates at level manahan 0.0%-0.1%. At a meeting of 30 October, the BoJ set the purchase of government debt and other risky assets worth about Y11 trillion and announced a new unlimited facilities to encourage bank lending. Most analysts predict the BoJ will return to monetary easing fastest in December. It is also because of the high political pressure ahead of the December 16 election. Last week, the head of the opposition Liberal Democratic Party, Shinzo Abe voiced the radical monetary policy easing steps, including unlimited in order to achieve the inflation target of 2%-3%, slashed interest rates in bawal zero and ask the BoJ to take away all government bonds.

 

The market is waiting for a press conference the Governor Masaaki Shirakawa at 13.30 WIB, mainly his reaction on the ideas Mr. Abe.

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News and Economic Review Zone Asia (China)

 

China's crude steel production Rose 1.6%

Tuesday, November 20, 2012

 

Average production rates China experienced an increase of 1.6% to 1,961 million tons for the first 10 days of November for the period running, indicated data from the China Iron & Steel Association Tuesday.

 

A large factory in China raised the value of steel production by as much as 8% to 1,638 million tons per day during the same period in the 21-21 October, the data showed.

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News and Economic Review Zone Asia (Japan)

 

Abe Promised Japan's Economy Will Recover

Wednesday, November 21, 2012

 

Former Prime Minister of Japan Shinzo Abe said on Wednesday that he wants to spearhead the economic recovery and to strengthen Japan's military if his party gain control back in the elections next month.

 

"We will restore Japan," Abe said as he pulled out his campaign platform at the time of a press conference at his party's headquarters in Tokyo. " We're going to rebuild Japan's economy. "

 

Abe promised that the nominal growth of the economy will reach the 3 percent through intensive reform program over the next five years. He also set a target for inflation of 2 percent, and he also promised to use a bold monetary policy in order to reduce the country's deflation.

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

China's Manufacturing Data Strengthen Asian Rally

Thursday, November 22, 2012

 

Asian exchanges in General today (Thursday, 22/11) moving back largely thanks to the stock market rally Wall Street overnight closed strengthened ahead of the Thanksgiving holiday and after the United States and Egypt (USA) announces that Israel and Hamas agreed a truce do.

 

Market sentiment in Asia was also strengthened after the activity of China's manufacturing sector recorded expansion in November. The HSBC China PMI Data soaring to a high level in the 13-month booking at 31.3 in November from the previous 30.8. The Data is the last economic indicators that support the recovery of the real economy in China after the previous data has shown a solid loan growth, rising exports, as well as the soaring industrial output is on in the previous month.

 

While the development progress of the country rocks Greece has ended with the achievement of a consensus of the European authorities to release emergency assistance (bailout) for Greece. While the mood of sentiment continuing to calm after a ceasefire in the Middle East so that was also a cause of optimism to the markets.

 

And in Asia, Japan's Nikkei stock rally – especially related to mounting expectations of an aggressive policy steps from the new Government later after the election in December. These expectations create a currency the Yen weakened to the lowest level in 7 ½ months against the USD. And the weakening of the Yen is becoming a blessing for the exporter, so today's Nikkei rallied more than 1 percent of the stock rebound related exporter.

[mynameisandhy]

News and Economic Review Zone Asia

 

Lonely Asian Stock Deals, Flat Moving

Friday, November 23, 2012

 

In general the movement of Asian exchanges today (Friday, 23/11) appear to be flat in the middle of the narrow range of empty market due to Japan's Nikkei Exchange-and Wall Street close on public holidays.

 

However today the market average is still moving in the range of even positive overall Asian markets until the end of this week has recorded a weekly gain of about 2 percent. Asian markets encouraged a Rally after a manufacturing survey from the China and the United States have raised hopes that the improved prospects for global growth is currently experiencing an increase or recovery.

 

The HSBC China manufacturing Data – released Thursday yesterday showed a sharp expansion trends for industrial and manufacturing sectors and has increased for the first time in 13 months. Improving the figure immediately raised a number of assets that are more at risk of such commodities, including oil, copper and gold and precious metals also chalked up a sizable gain weekly.

 

In Asia, South Korea-Kospi stock exchange saw the rally especially teragkat by a number of giant shares rebounding automotive and electronic sectors and despite banking stocks steel slump in trade that the absence of these instructions deserted since the market of Wall Street and the Nikkei. While the Hong Kong stock exchange – the Hang Seng recovered from pelemahannya at the start of trading last and recorded modest gain in trading chopy today. But the Hang Seng continued to record a strong weekly performance related financial shares and Chinese developers continue to support action to buy.

[mynameisandhy]

The Weakening Of The U.s. Dollar Save Oil

 

Friday, November 23, 2012

 

Crude oil prices turned higher on Friday due to the weakening U.s. Dollar, which also jacked up prices of other commodities berdenominasi the u.s. currency. Strengthening stock markets also provided support for the ' black gold '.

 

Currently crude oil contract for delivery in January was trading in the range of $ 74.40, or about 1.05 percent higher than yesterday's closing price.

 

"In the middle of a thin volume due to a holiday, enjoy risk-on oil that triggered a rebound of the Euro and stock markets," said Jim Ritterbusch, President of Ritterbusch & Associates in Northern Illinois.

 

A weakening U.s. Dollar has helped crude oil and other commodities that berdenominasi the u.s. currency, as it makes the price becomes cheaper for holders of other currencies. So Jack up the investment appeal of commodities.

 

Crude oil prices were pressured in early trade Friday following the enactment of the truce between Israel and Hamas, easing some concern about supply has pushed the price of oil in the last few sessions.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Governor Of The BOJ : Still Accommodating Policy

Monday, November 26, 2012

 

The Governor of the Bank of Japan said that the monetary easing that has consistently proven unable to stem the strengthening of the exchange rate of the Yen. In his statement this morning, Masaaki Shirakawa expressed concerns back to the performance of the Yen lately. Excessive strengthening of the particularly troublesome domestic economy.

 

"The commitment of the BOJ to ease policy in order to reach the target price of 1% is one of the important elements that play a role in the decline of the Yen exchange rate," said Shirakawa. On the other hand he also recognizes that there are other instruments that also affect the performance of the currency so far. The Pendapata diutarakannya in the middle of a meeting with businessmen in Nagoya Japan. The city is the base of several important companies, such as Japan Toyota Motor Corp. (7203. TO) and its subsidiaries.

 

"I worry a too high gives bad effects because it reduces the competitiveness of exports and corporate profits," he said. The Governor of the central bank does not want the business sentiment worsened, but at the same time the condition of the global economy already negative. Shirakawa stressed that policies of the BOJ is able to accommodate and improve the financial situation of household spending as well as the balance sheet of the Corporation. By taking advantage of this momentum, Shirakawa believes Japan could put an end to deflation.

 

The BOJ last week decided to keep her voice even though many moneternya policies the politics are popping up. Increasingly strong political pressure because the central bank judged too soft and less aggressive in loosen their policies. Although still survive, the BOJ predicted back add to the asset purchase portion of figure 86 trillion Yen.