mynameisandhy Posted August 8, 2013 Author Report Share Posted August 8, 2013 News and Economic Review Zone Asia (China) Shanghai investors Cold sikapi China Data Thursday, August 8, 2013 Shanghai trading floor - China ultimately could not sustain the gains and re-entry into the negative zone as investors respond to cold and ignore economic data that showed improvement. The data release today shows the level of China's exports jumped 5.1% in July from the previous -3.1% in June. And broke analyst forecasts by 3%. While the import figures in July shot up 10.9% from the previous month at -0.7% level. Whereas the previous government predicted to rise by 2.1%. While the trade balance (trade balance) was recorded in the number of $ 17.818 billion from the previous $ 27.10 billion. However, assessing the market a good trade data, released today just brought back to levels in April, and has not shown any significant recovery. In addition, the selloff in the position of the property and banking sectors are still weighing on the index because it seems investors are still concerned with the problem of economic recovery still stalled. On the floor of the stock exchange listed developer Gemdale Corp. fell about 1.3%, and shares of China Minsheng Banking Corp. down about 0.6%. The main Shanghai Composite Index tracked down (-0.14%) or -2.77 points at 2044.01 range. 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 (Japan) Ask the Government of Japan BOJ Kuroda Keep Fiscal Discipline Thursday, August 8, 2013 Bank of Japan (BOJ), Haruhiko Kuroda, in a press konfereansi after Japanese monetary policy meeting warned the Japanese government to restore the country's fiscal health. If fiscal discipline is not achieved, indirectly it will eliminate the impact of monetary easing undertaken the central bank, said in a statement Kuroda. Kuroda welcomed the tax reform plan that would be done by the end of the year Abe the sales tax increase. According to him, the sales tax increase is still possible and the Japanese could still escape from deflation. Even after Japan imposed the tax increase, the Japanese economy can still grow at the current rate of growth. Responding to the global economy, Kuroda said that the U.S. economy is strong and there are signs of improvement in sentiment in Europe. While China's growth is slowing but still steady because of the possibility of a solid domestic demand. The global economy is projected to recover gradually. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 10, 2013 Author Report Share Posted August 10, 2013 News and Economic Review Zone Asia (China) China Data Affirm Moderate Recovery Friday, August 9, 2013 A series of Chinese data release today (Friday, 9/8) general economic picture has shown up, particularly with the strong industrial production data, however, doubts the economic strength of the bamboo curtain country is still felt by the investors. China's industrial production figures recorded growing at the fastest rate since February, with an increase of 9.7% from the previous year at the level of 8.9% and 9% exceeded analysts' expectations, according to the National Bureau of Statistics. But retail-sales numbers grow a little slower with the increase of 13.2% in July from a month earlier last year at the level of 13.3%. The level of retail sales below expectations also appeared in 13.5% of the analysts. Other data also showed that in the release of growth above analyst expectations. Fixed asset investment figures, which is an indicator of construction spending - grew by an average 20.1% in the period from January to July. And that number is still the same as the period from January to June and thin above analysts' expectations by 20%. In general, investors appear to address cold because the Chinese data release shows only minor changes or a moderate increase. But optimism among investors is still propped up by the release of trade data yesterday (8/8), which showed significant improvement. The data on Thursday showed the government remove the country's exports jumped 5.1% in July from the previous -3.1% in June. And managed to break the analysts' forecasts of 3%. While the import figures in July shot up 10.9% from the previous month at -0.7% level. Whereas the previous government predicted to rise by 2.1%. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 10, 2013 Author Report Share Posted August 10, 2013 News and Economic Review Zone Asia (Japan) Fantastic, Japan Translucent Thousand Trillion Debt Friday, August 9, 2013 For the first time in history, the value of Japanese government debt breaks or one thousand trillion quadrillion yen. The fact was revealed by the finance ministry some time ago. Central government debt burdens or liabilities outstanding balance has reached 1,009 quadrillion yen as of the end of June. The number was higher than the previous quarter notes payable 991 601 trillion yen in the figures. Debt calculation includes payments of long and short-term bonds and other loan variables. Recent data also ensures that the total central government debt alone has exceeded 200% of the total Gross Domestic Product as well as an advanced the highest among the other developed countries. The Japanese GDP for the fiscal year ended March figure out at 474.8 trillion yen (not adjusted for price changes). It is noteworthy that Japan's debt burden does not include dependents pay organizations and institutions that directly affiliated with the state. Although heavily indebted, there are no signs that Prime Minister Shinzo Abe will announce discourse sales tax increase of 5% to 8% in April and then to 10% in the month of October 2015. In addition to the government's economic adviser, the International Monetary Fund and the Bank of Japan has given recommendations to the Abe cabinet components to raise the sales tax to increase state revenue. The outstanding loan debt of municipalities, which is about 200 trillion is not included in the data from the finance ministry. The international community started to worry that the country had failed to pay for being too stubborn to boost its economy. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 12, 2013 Author Report Share Posted August 12, 2013 News and Economic Review Zone Asia (Japan) Abe: Economy Continues to Gain, Focus on Policy Monday, August 12, 2013 Japanese Prime Minister Shinzo Abe said Monday that Japan's economy climbed steadily since the end of last year and that the government will continue to focus on the economy with pro-growth policies to monitor the fall. Abe told reporters after Monday's data showed that Japan's economy grew at an annual rate of 2.6% in April-June, eskpansi for 3 consecutive quarters, but more slowly than expected. Prime Minister does not say anything about the planned tax hike starting April 2014. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 13, 2013 Author Report Share Posted August 13, 2013 News and Economic Review Zone Asia (Japan) Yen Weakens, Burdened By Government Reports Tax Cuts Tuesday, August 13, 2013 The yen fell to its lowest level in two weeks against the dollar after a newspaper report said that the Japanese government is considering tax cuts to encourage firms and stock exchanges up damped demand for safer assets. The yen slid at least about 0.5% against all of its 16 major counterparts as the data shows that the number of booking engine dropped in June, supporting the possibility of further monetary stimulus. The U.S. dollar index rose for a second day as rising treasury yields before the release of a government report that economists said that retail sales in the U.S. will rise for the fourth month. "The yen moved lower on the news from Japan that corporate tax cuts have been considered by the government," said Alvin Tan, a currency analyst at Societe Generale SA in London. "When we get a good series of structural reforms, including on corporate tax cuts. That would lift the dollar higher against the yen during this year. The good U.S. retail sales figures today will shift the U.S. bond yields over the 10-year high and will also drive the dollar higher against the yen. " Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 13, 2013 Author Report Share Posted August 13, 2013 News and Economic Review Zone Asia (Japan) Level in Japan Machinery Orders Fall In June Tuesday, August 13, 2013 Levels in Japanese machinery orders fell in June and the company estimates that the number of orders will continue to fall in the third quarter, signaling that government stimulus is still not encouraging capital expenditure as rampant debate on how to tackle high debt levels and growing. Weak capital spending is a source of anxiety Prime Minister Shinzo Abe, who face the difficult decision to consider sales tax hike to boost revenue and are now reportedly considering corporate tax cuts. A decrease of 2.7% at the level of orders other than ships and power tools, compared with economists' forecasts for a decline of 7.2% and following a rise of 10.5% in May, according to data from the Cabinet Office. Machinery orders data is a key indicator for capital spending, was released a day after the second-quarter GDP data is a slower-than-expected showing capital spending fell for the sixth consecutive quarter Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 14, 2013 Author Report Share Posted August 14, 2013 News and Economic Review Zone Asia (Japan) Abenomics Back Restore Japanese Market Wednesday, August 14, 2013 Trading floor - Tokyo rebound in trading Tuesday (13/8) mainly helped by a weaker yen managed to break above the 97 level against the U.S. dollar (USD) for 4 sessions after previously being below that level. Corporate tax cuts planned news helped boost sentiment on the stock. The Nikkei newspaper reported that Prime Minister Abe has been urged to study plan tax rate in the corporate sector as a way to attract foreign investment and boost growth in an effort to offset the impact of a sales tax increase. Among market participants in Japan appear welcomed Abe's policy plans. Investors considered that the spirit of Abe has now bounced back after restoring the economy by issuing aggressive steps known as 'Abenomics'. And the move has now been realized with the efforts to try to boost growth and attempt to eject the Japanese economy from the shackles of deflation that has lasted for 15 years, namely the expansion of monetary and fiscal policy. Economic data release today also contributed to the positive sentiment in the market. Figures machinery orders in June orders (machinery orders) decreased (-2.7%) from the previous month. But the level was still better than expected in the prediction will decline by (-7.2%). The economy features at least reflect that the government's stimulus policies have been able to stimulate companies to increase their capital expenditures (capital spending). Because the Prime Minister Abe has repeatedly stressed that capital spending is a major driver of economic growth. On the trading floor recorded appears Nikkei index rose by merain 1:35% gain in the range of up to 13702.20 +182.77 points, after rising to the level of 13789.08. While the Nikkei index futures also rallied juag +240 points or 1.78% at 13740 area after racing up to the level of 13800. While the value of the yen exchange rate traded steady at around 97.23 against the USD after the level dropped to 97.44. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 15, 2013 Author Report Share Posted August 15, 2013 News and Economic Review Zone Asia (Japan) Japan has been close to Ending Deflation Thursday, August 15, 2013 Japan is nearing the end of deflation, the government said on Thursday, giving the most optimistic price outlook in nearly 4 years as a steady recovery in the economy is making more and more companies do not impose increased costs on consumers. The government also revised its assessment of labor market, saying that the labor market is improving, as the weakening of the yen triggered by the policies of Prime Minister Shinzo Abe and inflate profits hit manufacturing sector unemployment rate to levels before the collapse of Lehman Brothers. "The recent price developments indicate that deflation will soon be over," said the Japanese government's monthly economic report for August, giving a brighter outlook than last month when overcome deflationary pressures have eased. Still too early to say that the Japanese have made it out of deflation, given the need for long-lasting increase in the consumer price level. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 16, 2013 Author Report Share Posted August 16, 2013 News and Economic Review Zone Asia (Japan) Prime Minister Abe Not Instruct Trimming Company Tax Friday, August 16, 2013 Japanese Chief Cabinet Secretary Yoshihide Suga said Thursday that reports that Prime Minister Shinzo Abe instructed the ministers to consider Japan's corporate tax cuts are not true. These issues will be decided after reviewing the business sector from various sisis, Suga said. Related to government sources, the Nikkei newspaper on Tuesday reported that Abe could consider fatherly corporate tax cut to boost economic recovery. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 16, 2013 Author Report Share Posted August 16, 2013 News and Economic Review Zone Asia Three Asian currencies 'soft patch' to Record Low Friday, August 16, 2013 Three Asian currency exchange rates fell to levels that have not been touched in recent years on the trading session today. Dollars, rupees and yen weakened against the dollar after the employment data released positive weekly USA. Facts of economic recovery in the country's economy is the largest open space for the termination of the Federal Reserve's monetary stimulus in the near future or as soon as possible in the month of September. Indian rupee to a record low carve second time this month that the position of 62.00 per dollar. While the rupiah exchange rate sank to its lowest point in four years, 10,380. The Malaysian ringgit fell a record low in the past three years at 3.2800 amid a strengthening dollar after the results of the data yesterday. U.S. weekly jobless claims report came out at 320,000 points or better than expectations (335,000). As is known, the unemployment rate is an important parameter of the sustainability of the U.S. monetary stimulus. Most economic analysts and financial markets predict that the central bank will begin to reduce the portion of the disbursement of U.S. economic stimulus at a meeting in September. This will make up bond yields and the U.S. boosted dollar exchange rate against the currencies of major-currency world. Addressing this possibility, currency-market participants away from Asian currencies especially Euro, Dollar and Euro. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 19, 2013 Author Report Share Posted August 19, 2013 News and Economic Review Zone Asia (Japan) Japan Trade Deficit Widens As Imports Increase Level Monday, August 19, 2013 Level of Japanese exports rose 12.2% in July from a year ago, according to data from the Ministry of Finance on Monday, supported by a weaker yen and recovery in overseas economies. The increase in the export sector, compared with economists' expectations for a gain of 13.1%. Level of imports rose by 19.6% in July from a year earlier, compared with an estimated increase of 15.4. Trade balance defisitsebesar scored 1.02 trillion yen compared with forecasts for a deficit of 785.6 billion yen. The yen weakened against most major currencies after data showed Japan's trade deficit widened in July to the lowest level in 6 months wide. Strength of the Japanese economy will be key to the decision of Prime Minister Shinzo Abe in front of the sales tax hike to 8% in April from 5% currently. This tax increases the risk of inhibiting recovery was helped by strong export sector, as Japan shows signs of emerging from deflation for 15 years. "The effect of weakening the yen has started to push the volume of exports," said Yoshimasa Maruyama, chief economist at Itochu Corp.. in Tokyo. "The challenge is whether Japan will be able to overcome deflation and achieve a sustainable recovery after the sales tax increase." Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 20, 2013 Author Report Share Posted August 20, 2013 News and Economic Review Zone Asia (Japan) Japanese Trade Data Disappointing Yen Tuesday, August 20, 2013 The yen weakened for a second straight session after the U.S. Dollar versus the Japanese government reported a larger trade deficit than expected. Ministry of Finance data showed imports exceeded exports by ¥ 1.02 trillion ($ 10.4 billion) in July, which exceeded expectations of a deficit of ¥ 785.6 billion. This is the biggest decline since January, when Japan recorded a trade deficit a record ¥ 1.63 trillion. However, appreciation of the dollar / yen may still be limited as investor focus switched to the release of Federal Reserve meeting minutes Wednesday. "Japan's external balance is still a deficit, and it is clearly negative for the yen," said Callum Henderson, head of currency research at Standard Chartered Plc in Singapore. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 20, 2013 Author Report Share Posted August 20, 2013 News and Economic Review Zone Asia (Japan) BoJ Kuroda: Will Do Everything How To Fight Deflation Tuesday, August 20, 2013 BoJ Governor Kuroda issued pernytaan that the Japanese economy is still stable improvement by looking at the positive signal of the production cycle, the rate of income and levels of expenditure. The increase in the consumption tax assessed by Kuroda will not disrupt or interfere with the pace of economic recovery target inflation target of 2%. Quite the opposite in fact delay the move potentially cause problems in the future fiscal health. Pairing USDJPY and Nikkei futures terkerek up not long after Kuroda's comments. But not too much movement as investors are still quite cautious ahead of the release of the FOMC minutes tomorrow. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 21, 2013 Author Report Share Posted August 21, 2013 News and Economic Review Zone Asia (Japan) Yen Strengthens Due Global Stock Drops Wednesday, August 21, 2013 The yen strengthened against the dollar for the first time in three days due to the falling global stock markets boosted demand for the yen as a safe haven. Reduction of monetary stimulus would speculation that the Federal Reserve will still haunt global stock markets. "Expectations of investors will be the reduction of stimulus from the Fed makes a global bond yields rose and what we see today is the return of capital flows from developing countries to developed countries that have a positive impact for the yen." Said Lee Hardman, currency strategist at Bank of Tokyo-Mitsubhisi UFJ Ltd.. The Federal Reserve will release the minutes of their last meeting on Wednesday. The minutes will provide information about the outlook for Federal Reserve monetary stimulus trimming process. USDJPY is currently trading at around 97.25, away from daily highs at the 97.85 level. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 21, 2013 Author Report Share Posted August 21, 2013 News and Economic Review Zone Asia (Japan) BoJ yen Expect Additional Stimulus Wednesday, August 21, 2013 The yen weakened in early Asian session as optimism spread of the additional monetary stimulus from the Bank of Japan to support the economic recovery in the world's largest 3. In an interview with the Mainichi, BoJ Governor Haruhiko Kuroda said he would not hesitate to adjust the program of monetary easing if the economic slowdown risks increasing due to the planned increase in taxes or global economic uncertainty. USD / JPY is now trading 97.46; trying to stay away from daily lows 97.27 BoJ's Kuroda express repair Japan's consumption and investment showed that the BoJ monetary easing programs are on the right track. BoJ's Kuroda believes the Japanese economy will not slow down if the government run plan to raise taxes and Kuroda also called on the government to take decisive action in fiscal discipline. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 22, 2013 Author Report Share Posted August 22, 2013 News and Economic Review Zone Asia (Japan) The yen slumped to Top 98 Post-FOMC Fed Thursday, August 22, 2013 Observed to weaken the yen exchange rate ranged above 98 level against the U.S. dollar (USD) in trading Thursday (22/8), especially post-FOMC Fed minutes indicate the U.S. central bank finally agreed with the Monetary stumulus reduction plan. Through the Federal Open Market Committee (FOMC), the central bank (the Fed) agrees that monetary stimulus program to purchase $ 85 billion of bonds / month can not be stopped, but agreed to start in 2013 reduced this especially if the economy continues to improve. Suddenly the U.S. dollar immediately strengthened after the meeting. Currency against the yen, the U.S. dollar yesterday had climbed to 98.33 yen and eventually stabilized around 98.16 area. While in the beginning of the month, the yen had to its lowest level against USD 98.64. The impact of the weakening yen has sparked terdongkraknya investors to take more risk assets (risk appetite) in Tokyo trading floor. In addition, investors are also motivated after China issued a rapid release of data (flash) for the manufacturing sector PMI - HSBC emerging stronger in the month of August from the previous month. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 23, 2013 Author Report Share Posted August 23, 2013 News and Economic Review Zone Asia (Japan) Yen Drops to Lowest Level 3 Weeks Friday, August 23, 2013 The yen fell against the dollar, a decline in three consecutive days. Yen in today's trading to its lowest level in three weeks amid speculation the Bank of Japan, Haruhiko Kuroda, will again expressed further monetary easing in the annual meeting of the Federal Reserve. The meeting, known as Jakson Hole or Kansas City Fed Economic Symposium was attended by by central bank governor, finance ministers, academics, and the world market players scheduled to last for three days. Kuroda is scheduled to take part in a panel discussion on the third day tomorrow. BoJ doubled monthly bond purchase program to 7 trillion yen in April. USDJPY is currently trading at around 98.93, with daily lows 98.65. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 26, 2013 Author Report Share Posted August 26, 2013 News and Economic Review Zone Asia (Japan) Amari: Japan Will Decide On Sales Tax Increase In Early October Monday, August 26, 2013 Japanese Prime Minister Shinzo Abe will make a decision on a sales tax increase in early October, before a meeting with Asia-Pacific leaders in Indonesia, according to economy minister Akira Amari. Abe will be decided "at least" before pertumuan summit of the leaders of the Asia Pacific Economic Corporation, which began in Indonesia on October 7, Amari said yesterday on NHK television. Experts consisting of business leaders, academics and policy-makers will begin meeting today to consider whether the economy is strong enough to withstand tax increases. Japan's GDP grew by 2.6 percent on an annual basis in the second quarter from the previous period, the result, says finance minister Taro Aso is likely to support a tax increase. Amari said last week that there was a good balance of the view panel, which include advisory termsuk Abe, namely Etsuro Honda and Koichi Hamada, who take care with increased distribution. Sales tax will increase to 8 percent in April from the current 5 percent, an increase that could delay or cancel Abe because he did not make a decision should bear the economic impact. Abe will take into account the views of an expert panel and revised GDP data for the second quarter, on September 9. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 27, 2013 Author Report Share Posted August 27, 2013 News and Economic Review Zone Asia (China) China Industrial Profits Survive In Level For 11.1% Annual Rate Tuesday, August 27, 2013 Total profit of China's industrial enterprises from January to July 11.1% higher than the same period last year, the National Bureau of Statistics said on Tuesday. Annual increase rate was unchanged from the reading in January-June, but was marked by a slowdown from January to May is the annual rate of increase of 12.3%. For the month of July alone, corporate profits rose by 11.6%, up from 6.3% rise in June, according to the calculations in the report from the Xinhua news agency. With only see emergency core activity of the company, profit in the month of January to July rose by 5.1% on an annualized basis, moving up from a decline of 2.1% for the month of January to June, the Bureau of Statistics. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 27, 2013 Author Report Share Posted August 27, 2013 News and Economic Review Zone Asia (Japan) Japanese Market Prospects hampered GDP performance Tuesday, August 27, 2013 Sentiment in the Japanese market today seems negative comments after emerging from the Minister of Economy - Akira Amari (Tuesday, 27/8), which says that Prime Minister Shinzo Abe has not given instructions to carry out corporate tax cuts in order to offset the potential increase in the state sales tax. Whereas previous investors welcomed the media reports that meberitakan a decrease in corporate tax. In Tokyo trading floor seems a retailer stocks weighed on the Nikkei index rate. In addition, Nikkei also seemed depressed lethargic related to the lack of market moving catalysts, as well as due to the exchange rate of the yen tends to strengthen to around 98 to the U.S. dollar. On the other hand, in general, investors are still pessimistic about the outlook for the yen weakened further after the last meeting (August 8), the Bank of Japan (BOJ) has not issued a new monetary policy (unchanged). Though the current market atmosphere requires the emergence of a new central bank policies that can sustain the market by addressing problems yen. Related to economic fundamentals, investor sentiment is still upset with Japan's annual growth rate (GDP y / y) second quarter release last month decreased 2.6% below expectations of 3.6%. And figures proficiency level decreased significantly from the first quarter figure of 4.1%. While economic growth based on quarter-to-quarter, growing by 0.6% in the April-June period, down from the previous quarter at 0.9% rate. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 28, 2013 Author Report Share Posted August 28, 2013 News and Economic Review Zone Asia (Japan) Japan Debt Costs Reach $ 257 Billion For The Year Ahead Wednesday, August 28, 2013 Japan is expected to release funds to a record of $ 257 billion to pay the debt for the next fiscal year, documents obtained by Reuters showed that, this underlines the huge burden of government debt created. The amount that will be allocated to pay the debt for the next year will begin to be paid on April 1, in which the magnitude is similar to Singapore's GDP, which the World Bank says by $ 275 billion by the end of 2012. Japan's finance department, charged with the preparation of the state budget and the issuance of government bonds, which will propose funding of 25.3 billion yen ($ 257 billion) to pay the mortgage debt with the budget, the document in the show on Tuesday. The budget would increase by 13.7 percent of the amount set aside for the current fiscal year, which reflects the ministry plans to guard against any future rise in long-term interest rates. The rising cost of debt payments could increase pressure on Prime Minister Shinzo Abe to continue the second phase of the plan is a tax increase that is scheduled to begin next year, which is seen as a necessary first step in improving the financial condition of Japan is in tatters. But the act of ending deflation Abe has been for 15 years and revitalize the Japanese economy with policy priorities, some of his advisers and members of the Liberal Democratic Party wants to postpone or cancel the plan to increase taxes, because they fear it could hurt the economic recovery is going. Fiscal stimulus this year has reignited a stagnant economy and the increasing cost of welfare for penduduk.yang where it has caused Japan poured the budget for the public debt amounted to 1.000 trillion yen ($ 10 trillion) on his record, was the highest among major industrialized nations. Finance department will compile the requests for expenditures for the next fiscal year's budget, including debt repayments biayay to fund itself and other costs, and the draft state budget requires the approval of the government and parliament to be able to run. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 29, 2013 Author Report Share Posted August 29, 2013 News and Economic Review Zone Asia (Japan) Yen weakens BOJ Iwata statement Thursday, August 29, 2013 Deputy Governor of the Bank of Japan (BOJ) Kikuo Iwata, Wednesday (28/8) in the presence of business leaders in Kyoto, said that the central bank will continue its policy of quantitative easing (QE) to achieve the 2 per cent inflation in 2 years. Iwata said that it may take a long time so that monetary policy was working, therefore the government should support the growth of fiscal spending policy that targets inflation of 2% can be achieved. The Bank of Japan has surprised financial markets by flushing the huge monetary stimulus in April of this year. This policy impact on inflation expectations rise then raise the prices of shares and reduce the value of the yen. According to Iwata, the impact of central bank monetary policy on financial markets is very important because the rise in stock prices could trigger a rise in consumer spending and improve its balance sheet. A weaker yen also helped push up exports which in turn could be a catalyst for further capital expenditure. Rising consumer spending data and capital spending seen rising signal is still not enough to say that the economic recovery in a stable pattern, explained Iwata. The market was worried about Japan's central bank will stop buying government debt because it is the amount of central bank purchases. But Iwata said that the central bank has not seen inflation target has been reached. When it is reached, the central bank will buy government bonds even though requested by the government. Iwata's statement of melemakan yen against the U.S. dollar back this afternoon from 97.26 yen earlier in the range of 97.58 per dollar to yen per dollar. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 29, 2013 Author Report Share Posted August 29, 2013 News and Economic Review Zone Asia (Japan) Nikkei rally capped Data 'Retail-Sales' Thursday, August 29, 2013 A number of blue-chip stocks on the Tokyo Stock Exchange - Japan rebounded on Thursday (29/8) is mainly due to moving up the rally on Wall Street overnight after dropped for three consecutive days. But the Nikkei rally seen limited because investors were disappointed by Japanese retail sales fell sharply in July. Japan's economy ministry said this morning that retail sales (retail sales) throughout the month of July declined by (-0.3%) from the previous month recorded +1.6%. And the drop in the number of guessed after the yen strengthened during the month of July. In Tokyo trading floor delivery and petrochemical stocks appear to be 'top gainers'. Kawasaki Kisen Kaisha Ltd. rallied 1.9%, Mitsui OSK Lines Ltd. shares rebounded 2.1%, Showa Denko KK rose 2% and JX Holdings Inc. jumped 2.4%. But Panasonic Corp stock actually dropped 1.8% after the Nikkei newspaper reported that the company was going out of the smartphone consumer segment. Meanwhile, shares of Toshiba Corp. and Tokyo Electric Power Co., both edged up after the Nikkei newspaper reported they will work together to expand the smart electricity network in overseas markets. The Nikkei gained 0.64% or monitored won gains in the range 13423.22 +84.76 points. While the Nikkei also gained fut 0:49% and +65 points reap the 13425 area. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 30, 2013 Author Report Share Posted August 30, 2013 News and Economic Review Zone Asia (Japan) Being at the rate of inflation Japan Fastest Since 2008 Friday, August 30, 2013 The consumer price index or inflation Japan rose in July and became the fastest pace since 2008. Rising inflation showed easing monetary policy aggressively success by the Japanese government. Data shows fresh food price volatility rose 0.7% from a year earlier, became the biggest gain since November 2008 when prices rose 1%. The data followed the rise in June, when it rose 0.4%, marking the first increase in 14 months. But the rise in inflation is attributable to the rising cost of burning electricity and gasoline, which could weigh on the workers due to the stagnant wages. "The increase in inflation over the last two months represent inflation" cost-push "which is triggered by high global energy prices and a weaker yen makes imports more expensive price," said Takeshi Minami, chief economist at Norinchukin Research Institute. Quote Link to comment Share on other sites More sharing options...
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