mynameisandhy Posted July 15, 2013 Author Report Share Posted July 15, 2013 News and Economic Review Zone Asia (China) Home Sales in China Up 24% in June Monday, July 15, 2013 Transaction value of home sales in China rose by 24 percent in June from the previous month, this is the largest monthly gain this year, hinted that the latest kebijakaan government failed to prevent property buyers. On sale home value rose to 624.4 billion yuan ($ 102 billion) last month from 503 billion yuan in May, based on the difference between the data of the National Bureau of Statistics for the first half of this year and the first five months. Nearly equal value in June sales in the first two months of the first year are mixed. Home sales in the first semeseter rose by 42% to 2.82 trillion yuan from a year ago, based on official data. China's increase in the three-year campaign to ease house prices in March, with a capital of Beijing among 35 cities in the province issued a damning steps. The strong growth in home sales may not be sustainable in the second half of the year as the country's economy slowed and reduced liquidity, said Johnson Hu, property analyst at CIMB-CK Securities Research in Hong Kong. "The tightening of credit will provide some impact on the development in the second half because of the long period over approval for a mortgage or loan for construction of house sales will drop," Hu said in a telephone interview. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 15, 2013 Author Report Share Posted July 15, 2013 News and Economic Review Zone Asia (China) China Will Stabilize Credit Growth Monday, July 15, 2013 China's central bank said it will use a variety of policies to adjust liquidity in order to ensure stable growth of credit. Statement of the People's Bank of China (PBOC) is likely intended to ease market concerns over tightening of liquidity after the inter-bank borrowing costs for short-term soared to nearly 30% at 20 June. PBOC also expressed surge in borrowing costs for a while will not hurt the economy. Liquidity has now returned to normal after the Chinese central bank signaled readiness to ease market volatility. "Liquidity in the banking system is still abundant. Indicator M2 money supply growth is still in line with economic conditions and approaching the annual target of 13%," the PBOC said in a statement. Meanwhile, the Stock Exchange of Hong Kong and China rose on Monday trading. Hang Seng futures are now traded 21353; away from daily lows 21 183. On the other hand, Shanghai gained 1.46% and is now trading 1680.19 Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 15, 2013 Author Report Share Posted July 15, 2013 News and Economic Review Zone Asia (China) Chinese economy slows in Q2 2013 Monday, July 15, 2013 China's economy slowed in the second quarter of 2013 as the outbreak of the global economic uncertainty and the reluctance of Beijing to provide stimulus to the economy of the world's largest 2. China's GDP grew 7.5% in Q2 2013; much lower than previous publications 7.7% in Q1 2013. However, this estimate is still appropriate expects economic growth of 7.5%. Set of Chinese economic data that was released simultaneously also confirms concerns about the domestic economy with the bamboo curtain. Industrial output recorded an increase of only 8.9% for the month of June; less than the publication of May increased by 9.2%. Investment in urban growth was also slowed by 20.1%, lower than 20.4% the previous publications. However, retail sales increased 13.3%, higher than 12.9% in May publication. Data last week also showed weak export performance, one of the main growth engines of China, which recorded a contraction of -3.1% for the month of June. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 16, 2013 Author Report Share Posted July 16, 2013 News and Economic Review Zone Asia (China) PBOC will Help Small Business Finance Tuesday, July 16, 2013 China's central bank governor, Zhou Xiaochuan, has promised to provide financial support for small businesses amid slowing growth in China's second-largest economy in the world. Zhou gave a statement on the central bank website "Increasing small business finance will help the stability of growth, restructuring and encourage economic vitality". The authorities will provide convenience to small businesses gain access to credit, while maintaining the total volume of credit at a reasonable rate. Zhou asked financial institutions to provide new credit to small enterprises and encourage the company to take advantage of the bond market. The statement following the release of Chinese GDP data for the second quarter fell to 7.5%, where the GDP data earlier by 7.7%, which indicates a slowing Chinese economy, but a slowdown is still in line with economists' forecasts. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 17, 2013 Author Report Share Posted July 17, 2013 News and Economic Review Zone Asia (Japan) BoJ Assess Strategies To Overcome Bond Turmoil Wednesday, July 17, 2013 Minutes meeting of the Bank of Japan (BoJ) on June 10 to 11 earlier showed Japan's central bank is reviewing strategies that can overcome the bond market turmoil. Some BoJ officials say the extension of the duration of fixed-rate funding operation can dampen excessive fluctuations in borrowing costs. However, the BoJ officials also acknowledged the extension would be seen as a revision of the current monetary policy. Operation of fixed-rate financing offers loans up to one year with an interest rate of 0.1%. The BoJ meeting after BoJ aggressive monetary easing borrowing costs sparked turmoil in Japanese government bonds. Most investors expect the BoJ to extend bank loan program at the June meeting in order to overcome market fluctuations. However, the BoJ did not take any steps. Analysts see the BoJ's reluctance because the central bank does not want to encourage banks to get out of the government bond market. BoJ just want the banks to be more active in lending to businesses and consumers that can be contributed to Japan's economic recovery. Meanwhile, the yen and the Nikkei futures seen lower attenuation trying to reduce the BoJ minutes after release. USD / JPY is now trading 99.34; trying to stay away from daily lows 99.08. Nikkei futures are now traded 14520; trying to stay away from daily lows 14 465 Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 18, 2013 Author Report Share Posted July 18, 2013 News and Economic Review Zone Asia (China) Home prices in China Return Rises Thursday, July 18, 2013 House prices will rise again in June and this certainly confirms Beijing's efforts to reduce the difficulty of rising house prices. New home prices in 70 major cities recorded a monthly rise of 0.8% in June after rising 0.9% in May. However, if the calculated annual house price has increased by 6.8%, an increase of six consecutive years and the highest since 2011. House prices in Beijing and Shanghai even recorded an annual growth of 12.9% and 11.9%. The continued rise in house prices has made the government worried about the potential for social unrest, given China's population reached 1.34 billion. Beijing has memperintahkan local governments to tighten policy in the sector in order to prevent increases in property prices. However, implementation on the ground is quite different. Local governments reluctant to curb property boom and still sell land to raise revenue. Meanwhile, Hong Kong's stock market rally looks difficult to maintain and Shanghai index fell in Thursday's trading session. Hang Seng Index recorded an increase of only 0.02% while Shanghai fell 0.52%. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 20, 2013 Author Report Share Posted July 20, 2013 News and Economic Review Zone Asia (Japan) Fundamental Japan Strengthen Market Sentiment Friday, July 19, 2013 Japan's economic fundamentals is predicted to boost market sentiment following the release of the samurai foreign bank lending rate recorded its highest level in four years. Japan's public debt level in the banking sector (bank lending) has gained 1.9% over last June from the previous month 1.8% (release July 8). The surge was suspected due to the high demand for investment thanks to an aggressive stimulus program executable by the central bank. Even when it started in July, the second quarter Tankan survey appears above expectations with +4 points from the previous quarter and a thin -8 above analyst expectations at +3 level. The increase in numbers reflects sentiment among large companies in Japan back positive for the first time in the last two years thanks to the stimulus policies of radical optimism belongs PM Shinzo Abe is often called 'Abenomics'. The survey also reinforces the prospect that the business sector increasingly bold to add and expand its investment in the coming months. So that the condition has now become a major part of the government's plan to put the 3rd largest economy in the world on the path to long-term growth. In addition, data 'machinery orders' positive also spur investors increasingly interested in taking a position in the financial market. Figures Japanese machinery orders unexpectedly jumped in sharply to 10.5% in May from the previous month at the level of -8.8% (release July 11). The jump in the numbers gives a positive signal that the Japanese corporate sector is now expanding its investment plans (expansion) in line with the improving economy. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 22, 2013 Author Report Share Posted July 22, 2013 News and Economic Review Zone Asia (China) China Will Continue Economic Reform Monday, July 22, 2013 China will carry out reforms in the land sector, state-owned industries, and taxes after pursuing a policy of financial sector reforms, Xinhua reported. Late last week, China's central bank (PBOC) has removed the lower limit of interest rates as a policy continued to prepare for the liberalization of the yuan exchange rate. "China must balance the benefits of exchange rate movements are more free, including memangkasi inflation and speculative capital flows, the risk of economic turmoil that can arise from policy reforms. Allows movement of the yuan's exchange rate more flexible is easier said than executed," wrote Xinhua. Daily Chinese government is writing the policy of financial reform can not be done overnight, but the government does not intend to withdraw its intention to implement the reforms. Xinhua reported financial reforms should be coupled with reforms in other sectors, including land, state-owned enterprises, and fiscal. In an interview with Xinhua, Finance Minister Lou Jiwei said the Chinese consider kebijakn business tax reform and easing administration to help the economy. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 23, 2013 Author Report Share Posted July 23, 2013 News and Economic Review Zone Asia (China) Chinese Economic Growth 7% Tolerance Tuesday, July 23, 2013 Prime Minister of China, Li Keqiang, saw economic growth of 7% as the tolerance limit of the economic slowdown, according to the Beijing News reports. Xinhua Daily previously reported that growth below 7% can not be tolerated because China needs to achieve a prosperous society by 2020. "The growth of 7% is a lower bound and China can not allow growth below that level," the Beijing News. The Chinese government is targeting economic growth of 7.5% for 2013, and final GDP data showed the economy grew 7.5% in the second quarter of 2013. "The report confirms that economic growth in the range targeted by the government that is in the range of 7% to 7.5%. If economic growth slows to 7.5% below the government's focus will shift to stable economic growth," said Chang Jian, an economist at Barclays . Meanwhile, the Hang Seng gained 2% and is now trading 21 872; away from daily highs 21476. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 23, 2013 Author Report Share Posted July 23, 2013 News and Economic Review Zone Asia (Japan) Japan Raises Economic Projections Tuesday, July 23, 2013 For the third time the Japanese government raised its forecast for the economy on the grounds that the pace of recovery and optimism sustained deflation reflects the resurgence of optimism that the consumption tax hike will be on time in April. The increase in the consumption tax is likely to be accompanied by a decrease in the corporate income tax, so that market participants actually respond positively to Japan's fiscal consolidation plans. Positive economic momentum is necessary in order to offset the negative impact of the increase in the consumption tax from 5% to 8% plan in April 2014. This step is considered vital to suppress the surge in Japan's debt ratio has reached 2 times the size of its economy. The increase in the Government's economic projections are in line with the economic outlook upgrades from the BoJ. The weakening of the Japanese Yen and the stock market rally fueled by aggressive monetary policy easing of fiscal policy accompanied Abenomics has started to show its impact on the economy. Therefore the outlook for economic data from Japan is expected to still show improvement, in terms of output, investment and consumer prices. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 24, 2013 Author Report Share Posted July 24, 2013 News and Economic Review Zone Asia (China) HSBC: China Manufacturing Weakens In July Wednesday, July 24, 2013 Chinese manufacturing weakened in July, indicating a slowdown in the country's worst has not yet come to an end, according to a preliminary survey of purchasing managers. Index reading of 47.7 in figures released today by HSBC Holdings Plc and Markit Economics, slightly less than analysts' estimates, and if confirmed in the final report on August 1, it will be the slowest rate in 11 months, a reading below 50 indicates contraction. Asian stocks and the Australian dollar fell as weakness in length production ever presented a challenge to Prime Minister Li Keqiang in achieving the target level of 7.5 per cent growth this year, with the government hinted this week that they would likely receive little if at the level of 7% growth in the future. It may increase pressure on policy makers to accelerate the shift towards consumption to sustain long-term expansion. "The key now is to believe in yourself," said Qu Hongbin, chief economist at HSBC in Hong Kong told Bloomberg Television. "Our confidence is currently very weak in both the financial markets and the corporate sector. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 24, 2013 Author Report Share Posted July 24, 2013 News and Economic Review Zone Asia (Japan) Japan Trade Deficit please register in June Wednesday, July 24, 2013 Japan on Wednesday reported a trade deficit of 180.8 billion yen ($ 1.8 billion), extending the decline for the 12th consecutive month, the longest losing streak in the last three decades as the weakening yen led to a bill that raised the value of imports than exports. Earlier by economists surveyed by Nikkei and Dow Jones News Wire defisitakan expect to 155.7 billion yen. Japan recorded a trade surplus of 56 billion yen in the same month last year. Terserbut results come against the backdrop of an improving Japanese economy, the overall economic growth is around 4% to an annual rate compared to the same extent in recent years. Exports rose 7.4% at an annual rate, compared with a 12% increase in perdikisi by analysts. There is a solid growth in all major markets, however, with sales to the U.S. which is the largest market for Japanese exports, rose sharply to 14.6%. There was also an increase of 4.8% in exports to China, although there is slow growth and the ongoing political tensions in both countries. I think we will see exports will grow a little more, but these results may indicate that the global economy has not sepenuhnyberada on recovery path, said Hideki Matsumura, senior economist at Japan Research Institute. Export growth exceeded import growth, however, which rose 11.8% from last year due to the weakening of the yen has driven up the cost of imported goods. "Our country is estimated that the deficit will be reversed at some future time in the next year," said Matsumura. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 25, 2013 Author Report Share Posted July 25, 2013 News and Economic Review Zone Asia (South Korea) South Korea Q2 GDP Growth Exceeds Expectations Thursday, July 25, 2013 South Korea's economic growth increased at its fastest pace in two years in the period from April to June, better than market forecasts, as government stimulus and rising consumer spending offset weak exports. Adjusted quarterly GDP rose 1.1% in the second quarter from the previous quarter, when the economy grew by 0.8%, the Bank of Korea said on Thursday. That is the highest rate since the first quarter of 2011, when the economy grew 1.3% on a quarterly level. To an annual rate basis, the economy grew 2.3% in the second quarter, an increase from the first quarter rose 1.5%. "Facility investment declined, but the move toward private consumption growth. Government spending also increased, "the central bank said in a statement. Market earlier estimate that the country with the fourth largest economy in Asia will grow 0.9% for the quarterly level, and 2.2% to an annual rate. BOK Gov. Kim Choong-soo said that the second quarter growth would be slightly better than the first quarter. The data have raised hopes for a sustainable recovery despite the challenges of slowing global demand and a weakening Japanese yen, which erodes the competitiveness of South Korea. The central bank, which recently revised its economic outlook, saying that economic growth will still be good. BOK expect the economy will grow to 2.8% this year and 4.0% in 2014. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 25, 2013 Author Report Share Posted July 25, 2013 News and Economic Review Zone Asia (China) China May Keep Interest Rate Ceiling For 2 Years Ahead Thursday, July 25, 2013 China is not going to remove the limits on deposit interest rates in the next two years as banks still need to hold back to prevent risks to the financial system, a statement released by the China Securities Journal reported on Thursday, citing a former deputy governor of the People's Bank of China. "Removing restrictions on the deposit rate will be the last step in the liberalization of interest rates" said Wu Xiaoling, a member of parliament when the National People's Congress, China's legislature. "That will not happen in the next two years," he said at the seminar, according to the report. Excessive competition for deposits may be the result if China removes restrictions on deposit rates in place, which is currently 110% of the benchmark rate set by the central bank. PBOC said that they allow banks to set their own lending value is widely seen as a signal of China's political leaders who want to push forward with this broader reform in the financial sector. China controls on bank lending and deposit rates in the banking system has membiarkjan dominance to seek big profits from the operations of their traditional banking, and allow cheap lending to large companies in the country. Critics say that this system has underestimated the depositors in China. China's political leaders tried to maintain a balance between the need for more for more competition in the financial system and the anxiety that the competition can introduce instability of the market. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 29, 2013 Author Report Share Posted July 29, 2013 News and Economic Review Zone Asia (China) China Continues to Work to Boost Growth Monday, July 29, 2013 Finance Minister of China, Jiwei Lou on Friday explained that the Chinese economy is still facing many difficulties, but the government will seek to continue to increase efforts to boost economic growth by "measures that have been targeted." The explanation presented to the market fears the release of economic data disappointing lately. Disillusionment with the economic data released last week also weighed on market sentiment appears. Official figures show that the industry's revenues and profits China's domestic manufacturing slowed to +6.3% rate in June. The figure is much lower than the previous month at 15.5%. Previously, investors have been hit hard by the rapid release of data (flash) of the HSBC PMI showed manufacturing activity index in July dropped to 47.7 points from 48.2 the previous month. And the release of a number weakest in 11 months. Even that is still remembered by the investors is China's second quarter GDP numbers (y / y) as arranged in the estimate to 7.5% from the previous quarter a year ago at the level of 7.7%. While the second quarter GDP (q / q) experienced an increase of 1.7% from the first quarter of this year which recorded 1.6% and slightly below estimates of 1.8%. While the number of industrial output decreased by 8.9% in June from the previous month at 9.2% and the figure below government estimates at 9.1% level. Further Lou minister explained that this year the domestic economic situation is relatively stable, with the main economic indicators in a reasonable range. However, the government still faces many difficulties and challenges. Finance Minister did not give precise details of the steps that are targeted, but he said the government will seek more efficient in the use of funds transferred from the central government to local governments. In addition, the authorities will also remodel existing preferential tax policies today, and continue to tighten administrative expenses. And the statement of the minister confirm previous statements about the need for officials to support moderate economic growth, despite the economy seems to lose power. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 29, 2013 Author Report Share Posted July 29, 2013 News and Economic Review Zone Asia (Japan) Forex trading volumes in Tokyo Translucent Record High Monday, July 29, 2013 Flow of funds in the money market Tokyo surged to its highest level in history in April. The fact was revealed in the results of joint research between the Bank of Japan and the Tokyo Foreign Exchange Market Committee. Total volume of spot trading, swaps, forwards and options rose 15.8% to $ 348.1 billion per day from the previous record which was recorded in October last year, which at $ 300.5 billion per day. Since the research was first held in the year 2006, an unprecedented rotation that much money in the forex market Japan. "We have some good news to be delivered. Velocity of money in Tokyo has reached a new record or higher than pre-crisis levels before Lehman Brothers," he said Akira Hoshino, Head of Survey Committee. According to him, the potential increase in the velocity of money is very open as the flow of investors to transact Yen. Hoshino high calling attention to the phenomenon as a mirror to the Japanese foreign pemodak, especially since Shinzo Abe launched the program 'Abenomics' her. The high interest of retail investor trading also helped drive the money market rate. Trading on products Dollar / Yen rose 29.8% to total $ 195.0 billion figure, while transactions Euro / Yen increased 51.5% to $ 34.3 billion. The yuan, yen trade rose to $ 0.3 billion from just $ 0.21 billion in the previous surveu. "The demand for the Chinese currency is yet to be seen but the banks are actively trading it since June 2012," Hoshino lid. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 30, 2013 Author Report Share Posted July 30, 2013 News and Economic Review Zone Asia (Japan) BOJ Governor: Stimulus Start Fruitful Results Tuesday, July 30, 2013 Governor of the Bank of Japan, Haruhiko Kuroda, today said that the authorities had seen any improvement of symptoms after the disbursement of monetary stimulus that began last April. Aura progress has been seen in the financial markets sector, the real economy and expectations of price increases. However, Kuroda looked at 2% inflation target is still far from expectations. MarketWatch - "Not all things happen for monetary easing in April, but it can not be denied that it is a major factor," Kuroda said in a press jinferensi. In April, the BOJ took the loose policies that can help increase the consumer price index (core inflation) for the first time in the last 14 months. Government data released on Friday showed that the index rose 0.4% (on-year) in June last. Less than 4 months since Kuroda released its stimulus, some analysts said the BOJ efforts are fruitful. Some are not convinced with the effectiveness of central bank policy until the core CPI rose consistently in the next few months. Moreover, the increase in June was more influenced by the surge in fuel prices and the weakening yen. Kuroda also still maintain a 2% inflation target to be achieved in the time period of March 2016. Earlier this month, the BOJ raised its economic assessment to include the phrase most optimistic in the last two years that "the economy is recovering slowly." Yen exchange rate is currently observed at the level of 97,815 per dollar. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 31, 2013 Author Report Share Posted July 31, 2013 News and Economic Review Zone Asia (Japan) Japan Economy Minister: No Other Option Except Tax Increase Wednesday, July 31, 2013 Japan's economy minister said on Tuesday that he does not believe Prime Minister Shinzo Abe has a better option than raising the sales tax. "The final decision is in the hands of the Prime Minister," said Akira Amari told a news conference. "I do not think the government has the option to not raise sales tax rates, unless there are exceptional shock from abroad such as the collapse of Lehman Brothers." The Japanese government has announced plans to raise the sales tax from 5% to 8% in April 2014, and then increased again to 10% in October 2015. But the plan has not been fully completed, and the new Prime Minister Abe will likely make a final decision about the discourse around September or October. "We continue to try to make best efforts to improve the economic conditions that can support the sustainability plan," added Amari. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 1, 2013 Author Report Share Posted August 1, 2013 News and Economic Review Zone Asia (Japan) Without subsidies, the Japanese Residents Reluctant to Buy a Car Thursday, August 1, 2013 Japan's domestic auto sales fell to 13.5% was recorded compared to July 2012. This is affected by the removal of subsidies on vehicle by the central government. Total vehicle sales amounted to 284.314 units in July, down from the same month last year, 328.543 units. Official reports said the Japan Automobile Dealers Association some time ago. Figures are announced does not include sales of mini cars and small trucks. Exactly one year ago, domestic vehicle sales jumped 36.1% because of the subsidy is government policy. But since the policy was expired in September 2012, sales continued to fall and consumers prefer cars with frugal fuel consumption. Toyota sold 142.895 vehicles in July, down 13.7% over the same period the previous year. Lexus variant sales fell 6.7% to just 4,183 units. While Nissan has decreased the amount of domestic sales of as much as 6.2% to 42.115 units, and Honda's total sales only amounted to 24.017, down 47.4% due to the lack of new product variations. Automotive sales has always been considered as one of the important indicators to assess the activity of consumer spending because it is always the first to be released government report. Moreover, this sector is the motor of the national economy as it absorbs so much labor. Latest facts demonstrated that the association reflects the purchasing power of consumers has not been too good although the government did not stop issuing supportive policies. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 2, 2013 Author Report Share Posted August 2, 2013 News and Economic Review Zone Asia (China) Strict rules, House Prices in China Expensive Equipment Friday, August 2, 2013 Home prices in China more shot in July, as reflected in the latest survey release version two research institutes. This fact may reflect how the central government has not managed to reduce stretching the residential sector via its discretion. House prices in 100 major Chinese cities rose 7.9% compared to July 2012, as well as continued rise 7.4% (on year) which was recorded last June. Similarly, the report of China Real Estate Index System (cries) some time ago. While the calculation is based on monthly price increases are also faster, reaching 0.87% compared to the price increase in June, which amounted to 0.77%. According to the data provider, the price increase in mid occur because consumers would not expect the government launched a new policy to tighten the housing market is prone to trigger a recall measure economic slowdown. As a result both citizens and investors are still keen to buy up property in the past month. Cries also said the average price of homes rose to 10.347 yuan ($ 1.688) per square meter or more expensive than the price in June was 10.258 yuan. China's home prices have gone up in eight consecutive months compared to last year despite the government's attempt to maintain the health of the property market. Since 2010 Beijing has released the strict rules in order to reduce house prices and avoid social instability due to lower purchasing power of citizens to adequate housing. Price increases between June and July resulted in 61 city and only 39 cities showed a decline in prices. Quanzhou is a city in Fujian province that recorded an increase in house prices (monthly) with the fastest increase in the ratio reached 4.5%. While in the two largest cities, Beijing and Shanghai, each house prices rose by 2.5% and 0.9%. In a separate survey, research institutes E-House China also announced an increase in new home prices compared to last as much as 0.84% (0.40%). While based on an annual calculation, new home prices rose 11.4%, higher than June's record is only 4.2%. Housing prices continue to surge phenomenon occurs even though the central government has limited the amount of purchases, raising down payment, mortgage interest hoist and hit a developer credit. The main targets of this program are mansions. Unfortunately, the action does not offset central policy response to aggressive local governments. Parties filing governments often loosen purchase and investment as they benefit from the tax revenue from land sales. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 5, 2013 Author Report Share Posted August 5, 2013 News and Economic Review Zone Asia (Japan) Stronger yen, Nikkei close lower Monday, August 5, 2013 Japanese stocks in trading today closed lower due to the yen continues to strengthen against the dollar. The yen began to strengthen against the dollar since last Friday after data on non-farm payrolls release of 162,000 lower than the estimate of 184 000. The data is returned defuse speculation the Federal Reserve will soon reduce monetary stimulus program after the Federal Reserve said it would keep the stimulus program. Strengthening of the yen against the dollar tends to weaken the Japanese exporter shares, as it will reduce the competitiveness of Japanese products abroad due to higher product prices. The Nikkei closed down 1:44%, to 14258.04, ending a two-day rally streak. In addition Topix index also fell 0.96% to 1184.74 Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 5, 2013 Author Report Share Posted August 5, 2013 News and Economic Review Zone Asia (China) Across China Service Sector Growth Monday, August 5, 2013 An economic gauge that is compiled specifically for the Chinese services sector (service) again showed modest growth (flat) in July with record numbers unchanged from the previous month. Data released by HSBC showed agency services business activity index in the country in July China experienced an increase in the level of 51.3 for the second month in a row (with June). According to the HSBC data is the service sector has stabilized at a relatively low rate of growth, but profit margins continue to shrink. And in the absence of a sustained increase in demand, the growth of the services sector is likely to be re-flagging. HSBC is the data version in the government's release after the data that came out on Saturday (3/8) showed an increase to a level of 54.1 from the previous record of 53.9 in June. On the floor of the Hong Kong and Shanghai stock exchange index movements appear to be in the positive zone because of optimism among investors slightly propped up after HSBC PMI data is released. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 6, 2013 Author Report Share Posted August 6, 2013 News and Economic Review Zone Asia (South Korea) Bank of Korea is predicted Hold Interest Rates Tuesday, August 6, 2013 Bank of Korea (BOK) is predicted to hold interest rates for the 3rd month in a row at a meeting in August next Thursday (08/08). Authorities likely to choose to refrain temporarily, until a clarity about the central bank's monetary stimulus continuity USA. A total of 15 analysts surveyed by Dow Jones Newswires had forecast South Korea's interest rates are still at the level of 2.50% for the month of August. The main consideration of the determination of these estimates include the economic recovery trend conducive Korea, inflation is under control and the absence of a decision on the Federal Reserve stimulus. As one of the trading partners and business alliances importantly, policy dynamics in the United States is highly influential on domestic monetary map ginseng. No wonder the stimulus deprivation can later affect the economic performance of the Korean company's profits and revenues. For the next interest rate change, most analysts predict a rise rather than trimming, it is possible in the second half of 2014. Only two of the 15 analysts who predict a rate cut before the year 2013 ends. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 7, 2013 Author Report Share Posted August 7, 2013 News and Economic Review Zone Asia (China) Proven Play Price, Fonterra China Exposed Sanctions Wednesday, August 7, 2013 Not out of ekslasi negative issues related to the bacterial content in their products, Fonterra Co. re-experience the 'ordeal'. Manufacturers of the world's largest dairy ingredients a few hours ago it said it was fined by China's economic planning agency of NZ $ 900,000 or the equivalent of $ 705,000. Fonterra assessing authority has made a practice game on the sale price of dairy products in the territory of mainland China. "We received a sanction National Development and Reform Commission (NDRC) and more able to understand the implementation of pricing policy is clearly to kelangsung Fonterra business in the future," the response Kelvin Wickham, Fonterra president for the China region and India. Fines given by the NDRC increasingly complete pain in the Fonterra dairy industry during August 2013. Asian food consumers and financial market participants shocked the world this week by news of the discovery of the bacterial content in the products made by Fonterra Group. Some of the company's products are exported from New Zealand to China was thought to contain bacteria that could cause poisoning. Fonterra is the provider of the world's largest dairy derivative products. The company has a market share of nearly reached all corners of the continent, with flagship products such as milk formula and beverage packaging. The board of directors late last week announced that the three types of protein substances in the products tested positive for Clostridium bacteria are susceptible to lead poisoning consumers. As a supplier of dairy ingredients to many companies, natural milk Fonterra sends to the manufacturers of various derivative products such as yogurt and soft drinks. Therefore, pereseroan anticipate demand from their trading partners to pull back the dairy ingredients that have been submitted. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 8, 2013 Author Report Share Posted August 8, 2013 News and Economic Review Zone Asia (South Korea) Bank of Korea Maintain 2.5% Interest Rate Thursday, August 8, 2013 Central Bank of Korea (BOK), after its monetary policy meeting this morning, kept interest rates remain at 2.5%. This policy has not changed for 3 consecutive months. Analysts see this move as an indication of the end of monetary easing that began a year ago. Korean central bank's view that the South Korean economy has started to recover and projecting the 4th largest economy Asia will build momentum after economic growth touched its highest level for two years in the 2nd quarter. However, low inflation amid weak global demand is likely to be the reason to maintain the current monetary easing policy for a while. Diekspektasikan Korea's central bank will raise interest rates by the end of next year but it will depend on the Chinese economy and the global market reaction to the reduction of the U.S. central bank stimulus. China is South Korea's number one market. Economic slowdown in China will affect the economy of South Korea. While the reduction in stimulus can cause withdrawal reactions capital from emerging markets. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.