News and Reviews Asian Economic Zone

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Japan Corporate Capital Expenditures Up 2.9% in Q2

Monday, September 2, 2013

 

Capital expenditure investment by Japanese companies during the April-June period was unchanged from the level a year ago, but up on a quarterly basis which indicates the possibility of an upward revision in quarterly GDP figures, based on the results of a survey released on Monday by the finance minister.

 

In the last quarter, investment capital expenditures, which excludes some items of software, rose as much as 2.9%. It Comparable to an increase of 0.2% in nominal seasonally adjusted basis the GDP data is a preliminary report released in August. The second quarter GDP figures were revised to be released on September 9.

 

Relatively clear data has attracted greater interest since the government of Prime Minister Shinzo Abe said that they would make a decision based on a sales tax increase in the GDP data was revised.

 

Quarterly survey also showed that the company's current earnings rose 24.0% during the period compared with a year ago, while sales of the company fell as much as 0.5%

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Aso : Japan to Declare Plans Tax Increase In G20 Meeting

Tuesday, September 3, 2013

 

Japan will tell the G20 countries meeting this week that Japan would carry out the plan to increase the sales tax in two stages , and consider collecting additional budget for fiscal spending in order to reduce pressure on the economy , Finance Minister Taro Aso said on Tuesday . Aso, who will accompany Prime Minister Shinzo Abe attended the G20 meeting in Russia later , also megnatakan time that Japan is unlikely to receive criticism from other countries about the weakening yen, which pushed its export sector to be more competitive .

 

" Japan has launched the monetary and fiscal stimulus to get out of deflation . Weaker yen is just a side effect of the main goals out of deflation , " Aso said at a press conference . At the G20 meeting earlier , Japan has pledged to reduce the level of public debt that kept piling up , which nearly doubled from $ 5 trillion dollar economy and is the highest among other major industrial countries .

 

Abe will decide in early October whether to execute the planned increase in turnover tax in two stages starting next year , which is considered an important step in improving Japan's financial system . Critics of the tax hike plan requires both that the plan is delayed or canceled , given the risk of anxiety towards economic recovery in Japan .

 

" Japan's basic option is to raise taxes , " said Aso who as finance minister has consistently supported the sales tax increase given the poor fiscal condition of Japan . If there is no change in the plan , Japan's sales tax will be raised to 8 & bilan of 5 % in April and to 10 % in the month of October 2015 . If the sales tax be increased according to plan , the government would consider forming a supplementary budget , to finance fiscal spending the untul reduce damage to the economy and provide relevant budget in Japan's parliament early next year , said Aso . He added that he still does not know how big the amount of fiscal spending .

[mynameisandhy]

News and Economic Review Zone Asia (South Korea)

 

South Korea's Foreign Exchange Reserves Optimistic Investors

Wednesday, September 4, 2013

 

At the end of trading on Wednesday ( 4/9 ) , South Korea bourses managed to recover the situation by limiting the slump that eventually able to record an impairment thin in the middle of this week's trading session .

 

The recovery index of optimism among investors thanks mainly related to improving economic data out of the domestic and global fundamentals . Kospi Index - South Korea's capable of limiting a deeper correction after South Korea's central bank ( BOK ) today released data on foreign exchange reserves ( forex reserves ) which increased up to a record high in the month of August.

 

The strength of these reserves will provide additional protection fence in anticipation of the potential shock of the impact of the U.S. stimulus reduction that will occur in the near future . Until late last Agutus , South Korea's foreign exchange reserves rise to record $ 331.09 billion compared to the previous month at $ 329.71 billion figure .

 

In addition , further signs of the global manufacturing sector improved , helped shore up sentiment in markets to take positions in a number of equity assets . Positive manufacturing data out of Europe at the beginning of the week helped boost regional sentiment . Figures manufacturing purchasing manager 's index ( PMI ) in kawasn Euro surged to 51.4 in August from 50.3 in July . Level above 50 indicates expansion rate activity among manufacturers . While from each country , the manufacturing activity of the two countries Germany and Italy are equally strong .

 

European manufacturing data that when combined with an optimistic picture of China , will add to the enthusiasm Kalanga market participants to collect equity assets in the stock market . The expectations reflected after the PMI data version of the Chinese government had passed up to a higher level in the last 16 months . So it also adds to the picture of stability in the country and the largest in Asia Automatic strengthen regional market network in those areas .

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

BOJ Raise the Japanese Economic Assessment

Thursday, September 5, 2013

 

Bank of Japan raised its economic assessment of the Japanese economy after deciding not to change the monetary policy today. Back BoJ monetary base increased to maintain the commitment of ¥ 60 to ¥ 70 trillion per year. It fit predictions and unchanged from the previous meeting on the 8th August. Monetary base is the BoJ policy instruments applied since the beginning of April. Yen did not change much after the announcement of the BoJ monetary policy. USD / JPY is now trading 99.71; daily opening levels near 99.74

 

The increase in the economic assessment is certainly hinted the central bank probably will not add to its monetary stimulus in the near future. BoJ seems to want to see first if the government will continue to carry the plan to increase the sales tax is needed to improve the fiscal situation of the government. Investors are now looking forward to the press konverensi BoJ governor, Haruhiko Kuroda, who was scheduled later in the day to get more clues on the outlook for Japan's monetary policy.

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

China Able to Overcome Impacts tapering By the Fed

Friday, September 6, 2013

 

China will be able to survive the shock that might exist if the U.S. Federal Reserve decided to cut its stimulus policies, said central bank chief Zhou Xiaochuan on Thursday. Market speculation against the tapering by the Fed this month is getting stronger, with the Fed's next policy meeting will be held on 17 and 18 September.

 

"Given the possibility of a surprise to the market, China would ensure the vitality and strength of microeconomics and maintain a flexible policy," according to Zhou was quoted by Xinhua news agency. "China has a policy that is strong enough and has been preparing since the beginning," said Zhou. Zhou warned of the spread of the impact of easing in the U.S. and other developed countries. "China will not be immune if there is a sharp volatility in global financial markets," added Zhou.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Japan Will Run Tax Increase Plan

Monday, September 9, 2013

 

Japan GDP revision is a positive signal that will support the government's plan to raise sales tax, according to Economy Minister Akira Amari. Japan's economy minister also said the government will take measures to ensure the sustainability of the economic recovery if the government's plan to raise taxes to continue as planned. Amari also point out that Prime Minister Shinzo Abe will take a decision on the proposed tax increase at the beginning of October.

 

This morning data showed Japan's economy better in the second quarter of 2013. Japan's quarterly GDP was revised higher from 0.6% to 0.9%. This certainly confirms that the Japanese economy is being recovered moderately. With better economic conditions then this may encourage the government to keep running tax hike plan. End the stagnation of the Japanese economy is one of the policy priorities but Abe also have to find ways to improve the fiscal condition of the government debt ratio exceeds 200% of GDP Japan. Government saw GDP as a determining factor for whether the government would raise the sales tax from 5% to 8% in April 2014 and re-raise it to 10% in October 2015.

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

China Exports Rise In August

Monday, September 9, 2013

 

China's exports in August rose and gave a positive sign for the recovery of the country with the second largest economy in the world. China's exports in August rose 7.2% to $ 190.7 billion, accelerating from July when it grew 5.1%. While imports grew 7% to $ 162.1 billion, down from July when it grew 10.9%. Rapid growth rate of China's economy in the second quarter fell to 7.5%, the lowest level in two decades, but industry data released earlier showed the decline will likely end.

 

China's manufacturing activity in August berekspasnsi but orders for exports declined due to weak demand from the U.S. and Europe. Factory output, construction and vehicle sales also increased in recent months. China's trade surplus also widened to $ 28.5 billion compared with August in the year 2012.

 

IMF and several private companies previously cut China's economic growth this year is in the range of 7.5% to 8%. The growth will be the lowest for China's economic growth since the beginning of 1990, but still higher than the projected growth in the U.S., euro zone and Japan.

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

Data Retail & 'Output' China Chic Release

Tuesday, September 10, 2013

 

Chinese economic data that was released this afternoon (Tuesday, 10/9) again showed a more robust picture of the industry and the retail sector, so it is increasingly asserted that the Chinese economy is now in a more stable phase.

 

The data in the release of government figures showed industrial production rose 10.4% from a year earlier, surged earlier in the month of July at 9.7% rate. Numbers that appear much higher than eskpektasi 9.9% in a Reuters survey. While retail sales rose 13.4% in August last year compared with an estimated 13.2%. And that figure is higher than the level in July at 13.2%.

 

fixed asset investment figures in a number of urban land in China (urban fixed-asset investment), has gained slightly by 20.3% for the period January-August, up from 20.1% from January to July period. Reuters survey noted earlier prediction of 20.2%.

 

China-based stocks led the rally and the rally seen in Hong Kong trading after the data was released. The Hang Seng Index rose 0.9% from the previous 0.6% ahead of that figure in the release. While the Shanghai Composite index rallied about 0.8%, after trading around 0.5% before the data.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Abe Moving Toward Tax Increase , Prepare Stimulus

Tuesday, September 10, 2013

 

Japanese Prime Minister Shinzo Abe ordered his government officials on Tuesday to devise policies to bolster the economy and reduce the impact of a national sales tax hike . Supported by data showing Japan 's economy recover quickly and successfully hosted the 2020 Olympics , Abe was not a waste of time in preparing the framework for a tax increase in April .

 

He said the cabinet to " strong policy design as a package , including strategic growth , until the end of this month , " said Economy Minister Akira Amari . Means that policy will be decided on the 1st of October, when the Prime Minister will decide on tax increase , the first significant step for Tokyo to tackle its soaring public debt , which is considered essential to maintain investor confidence .

 

Abe with his plan carefully as many politicians blame the recent tax increases in 1997 as the cause of the recession . The economy has been growing since Abe served in December by taking fiscal policy , monetary easing and growth drivers , but the recovery is still fragile . Nevertheless, the spending package , which is likely to exceed 20 billion dollars , and policies , including corporate tax cuts shows that Abe was moving toward a tax increase , the first stage of a plan to double the sales tax 10 % within 2 years .

 

Strong economic data has weakened the position of outside advisors who argue that Japan's Abe should get out of deflation before the government raised the sales tax . Abe did not mention the amount of stimulus specifically but said the stimulus would be enough to overcome the impact of tax increases , Amari said . That means , the package should be worth 2 trillion yen or more , according to Amari .

[mynameisandhy]

News and Economic Review Zone Asia

 

Asian central banks step the Fed Anticipation

Wednesday, September 11, 2013

 

As the volatile global markets anticipate the U.S. Federal Reserve's decision next week on trimming its monetary stimulus , the four central banks in the Asia - Pacific region with a variety of different comfort level is likely to hold interest rates at its policy meeting Thursday . Indonesia , the Philippines , South Korea , and New Zealand all face storms in the market since May , when the first time the Fed signaled that monetary stimulus can start trimming that has been going on for almost 5 years . Along disturbance on emerging markets , investors appear to be more discrimination , choosing to invest in the economy is showing good growth prospects , has a low rate of inflation and sound fiscal condition .

 

" A decrease excessive print market to sell recently , " according to HSBC 's global research on Monday . Reason to more carefully including stable growth rate in China , recovery in global industrial cycle , and the expectations that China region will be sensitive not to raise interest rates in response to tapering as it should by the Fed . " In the midst of all the discussion about the end of the era of the developing world , do you expect the state in the West will score above the growth rate of the developing countries in the near future ? " According to HSBC .

 

Of a number of central banks that met on Thursday next , only Indonesia has seen a great risk for investors abandoned . Largest economy in Southeast Asia is in need of capital inflows for the current account deficit reached 4.4 % of GDP in the second quarter . In contrast , the Philippines , South Korea , and New Zealand has gone through the past few months in an improving condition . They also abandoned by investors , but still not on a scale that can eliminate the stability of the market or the economy .

 

If the Fed presumptive start a gradual reduction in its bond -buying program , the rise in U.S. bond yields may increase the difficulty of emerging markets . But it would also eliminate ketidakpasian , and make the central bank more comfortable in waiting until next year to start raising interest rates , is optimistic that the Fed will not raise interest rates first.

 

Officials in Indonesia will await the Fed's decision on 18 September tanggan later with greater anxiety . To stop the flow of funds out and tackle the impact of the weak currency inflation , Bank Indonesia has raised interest rates by as much as 125 basis points since last June . Problems on the rupee is getting in on Tuesday dropped as much as 3 % to the weakest level against the dollar since April 2009 . The currency has weakened by 15 % since the beginning of this year . However , following the increase in interest rates by the central bank in recent emergency meeting on 29 August, the majority of economists expect they will hold rates bugna at a meeting on Thursday. However , given the chance the Fed will further roil markets , a number of Indonesian economists expect the central bank will be forced to raise interest rates again .

[mynameisandhy]

News and Economic Review Zone Asia (Korea)

 

North and South Korea Agree Enable Kaesong Industrial Zone

Wednesday, September 11, 2013

 

North Korea (North Korea) and South Korea (ROK) has agreed to reactivate the Kaesong industrial park, according to the South Korean Ministry statement. It's certainly a pretty positive development since the two countries are technically still at war. Pyongyang seems to be soft after the beginning of the year had threatened Seoul with nuclear attack due to U.S. military exercises with South Korea.

 

Kaesong industrial park located in North Korea, but not so far from the border with South Korea. North and South Korea is trying to attract foreign investors back to the Kaesong industrial park, which is one of the main sources of foreign exchange for Pyongyang. To compensate for the losses incurred due to the closure of Kaesong region in recent months, the company was allowed to not pay taxes until closure in 2013.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Japanese Prepare Approximately 50 Billion Dollar Stimulus

Thursday, September 12, 2013

 

Japan is currently coordinate economic stimulus of 50 billion dollars to address the impact of a national sales tax hike aimed at pressing the swell is government debt levels , according to one person involved in the decision on Thursday . Prime Minister Shinzo Abe will raise the tax to 8% from 5 % in April , rejected a proposal from a number of advisors to postpone or cancel the fiscal tightening to keep the economic recovery to continue running .

 

Business tax increase is most noticeable in a few years by Japan to address the level of public debt that reached more than twice the country's annual economic output , and is the highest in the world . But Abe has said that he had to balance the needs for long-term budget balance against its main proiritas Japan issued sepajang 15 years of deflation and low growth rate .

 

To cope with the impact of tax increases , Abe instructed his cabinet this week to design a stimulus package by the end of next month . One option is spending package worth 5 trillion yen ( 50.01 billion dollars ) , according to one source . The government estimates that each percentage increase in tax revenues will create about 2.7 trillion yen .

 

Sektretariat chief cabinet Yoshihide Suga said Abe still has not decided peruhal tax increase , a move that is expected to be taken on October 1 after the Bank of Japan released a survey of business sentiment . Suga , which is the government's main spokesman , said the Finance Minister Taro Aso and Minister Akira Amari economy will meethe top government spokesman , said Finance Minister Taro Aso and Economics Minister Akira Amari and this will determine the amount of the package . Amari has said that the stimulus package should be larger than 2 trillion yen to avoid economic collapse . Options include payments on low-income communities to trigger the purchase of a home , removal of corporate tax increase capital spending and possible income tax cuts , according to sources

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Minister of Finance Japan Refuses Trimming Company Tax

Friday, September 13, 2013

 

Two senior Japanese finance minister openly disagreed about the need for corporate tax cuts to cushion the impact of the sales tax increase , after the government raised its forecast on the economy on Friday for the seventh time this year . Sales tax increase in two stages , which are considered as the resolution of the government to begin to repair the financial sector , is likely to run , with debate focused on what policies will diambi Prime Minister Shinzo Abe to cushion the impact of the sales tax increase .

 

" The Japanese economy is heading in the rate of moderate recovery , " the government said in a report for the month of September , the outlook is more optimistic than last month when he said there is movement toward a sustainable recovery .

 

Abe has ordered the Minister of Finance and Economy Minister Taro Aso Akira Amari to design a package of measures to ensure that no tax increases to hamper Japan out of deflation , and both are different opinions regarding the contents of the package after the cabinet meeting . Aso says no need to cut corporate taxes , measures proposed by the business sector to encourage kompetitifitas , and no need to issue new bonds to help finance the aid package . "I think the public is not able to receive an increase in sales tax and corporate tax cuts by the government at the same time , " Aso said .

 

However Amari , who is a former Minister of Commerce , said the corporate tax cuts will take place , along Degnan fiscal stimulus and tax cuts intended to encourage capital spending . " It takes a combination of these measures to the impact of short-term stimulus for long-term growth , " said Amari . " We have different views about what the finance minister is a limitation from the perspective of fiscal discipline . However we will produce the best policy package , " he said . Last month , Amari said corporate tax cuts is a long-term option . Change of attitude in his words might be a signal that the proposal is getting support as a way to raise competition

[mynameisandhy]

News and Economic Review Zone Asia (South Korea)

 

Kospi Optimistic With The World Economy

Monday, September 16, 2013

 

Kospi rose after reports Summers and Syria made ​​investors more optimistic about the sustainability of the growth momentum in the world economy. Lawrance Summers's resignation as a candidate for the next chairman of the Federal Reserve Janet Yellen has increased the opportunities to replace Bernanke next year. Fed Vice Chairman Janet Yellen, famous for dovishnya attitude and if he is elected as the Chairman of the Fed so the Fed can maintain a loose monetary policy for a longer time. World geo-political risk was reduced after the United States and Russia agreed on proposals to dismantle chemical weapons Syria. The agreement makes the risk of a U.S. military attack on Syria to wane in the near future. Kospi futures are now traded 266.45; away from Friday's closing level of 263.10

 

From the corporate side, a consortium led by LG International has won a contract worth $ 3.4 billion to build ethane facility in Turkmenistan. Hyundai Engineering & Construction is one of the consortium members. Korean Air's shares jumped 3.5% due to the company's report ranks 10th in line to get the service provider company. The strong yen is also a positive impact on the South Korean exporters such as Hyundai Motor and Kia Motors were up nearly 2%. South Korean exporters competing with Japanese exporters in the international market and that the exchange rate will also determine the success of the company to sell its products abroad.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Nikkei Welcomes Decision Summers

Monday, September 16, 2013

 

Nikkei gains as widespread optimism that the Federal Reserve will keep monetary policy loose to run longer. Lawrance Summers has resigned as head of the Federal Reserve's next candidate and this will certainly increase the chances of Janet Yellen to replace Bernanke. Summers considers more hawkish market when compared to the likely dovish Yellen. If Yellen served as chairman of the Fed then this means that the U.S. central bank will keep monetary policy loose to run for a longer time. Fed's loose monetary policy is one of the factors supporting the global stock market rally so that the next Fed policy outlook could also affect the performance of the exchange.

 

Sentiment also improved enough after the U.S. and Russia agreed on proposals to dismantle chemical weapons Syria. This will certainly reduce the risk of a U.S. military raid into Syria in the near future. U.S. Secretary of State John Kerry and Russian Foreign Minister Sergei Lavrov has menjetujui agreement to locate, secure, and destroy chemical weapons held by Syrian President Bashar al-Assad. Syria given 1 week to report the stock of chemical weapons where the weapons inspections will be conducted in November. Nikkei 225 rose 0.12% in early Asian session and is now trading at 14404

[mynameisandhy]

News and Economic Review Zone Asia (Hongkong)

 

Correction Due to Hang Seng Shanghai Dragged

Tuesday, September 17, 2013

 

Hang Seng trading floor - Hong Kong observed moving in negative territory at the session on Tuesday (17/9) is mainly due to profit taking dragged coloring trading activity due to the Shanghai bourse slumped by property stocks.

 

Companies and real-estate developer China Merchants Property declined by about 6 percent, while Gemdale, Vanke and Poly Real Estate slid all over each 1 percent. Even investors ignore data is foreign investment (FDI) is positive. For the first time in eight months this year, FDI surged to 6.3 percent from the same period in 2012 ago.

 

On the trading floor Hang Seng, HSBC Holdings PLC declined 0.3% was observed after a rally on Monday. Shares of China Mobile Ltd.. also fell 0.3%. While stocks mixed after the casino looks Kim Eng Securities reported that revenue in Macau gaming sector dexterity throughout September experienced an increasing trend between 20% s / d 24%. Shares listed Galaxy Entertainment Corp.. fell 1.4%, and Sands China Ltd.. decreased by about 0.4%.

 

The main Hang Seng Index fell -0.21% recorded or -46.30 points at 23206.11 area. While the Hang Seng index futures were also dropped -0.36% or -82 points in the range of 23,242.

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

Home prices in China Continues to Increase

Wednesday, September 18, 2013

 

Home prices in China continue to rise until the back line still tanggunya record demand. This represents an increase for seven consecutive months as the Beijing looks to be careful in the property sector brakes on expansion of China. Home prices rose in 66 major cities in China from 70 cities surveyed in August, according to China's statistics agency. The amount is higher than 62 cities in the previous survey in July. House prices in Beijing, Shanghai, Shenzhen, Guangzhou and even recorded the highest growth rate amounted to 14.9%, 15.4%, 18.1%, and 18.8% for the month of August.

 

Analysts have called on the government to take further measures to stabilize housing prices in China. Analysts want the government to implement land reform and property tax than just administrative action such as limiting the number of home purchases. However, the government seems concerned to implement policies that are too tight in the property sector as it can harm the performance of the Chinese economy that was fragile at this time.

 

Meanwhile, the Hang Seng Index fell in Asian session as widespread concerns Beijing will tighten policy in the property sector after the release of data on house prices in China. Hang Seng futures now traded 23,140; away from daily highs 23294

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

The Japanese Trade Balance Improves

Thursday, September 19, 2013

 

Japan trade deficit data (trade balance) which was released by the government today is the depreciation rate in 14 months in a row. And is the longest ever recorded between July 1979 s / d in August 1980 when Japan was hit by the second oil crisis.

 

August trade deficit was reduced to a deficit recorded Y960.3 billion compared to a deficit of Y1024 billion the previous month. While the number of Japanese exports surge by 14.7% in August from the previous month at 12.2% rate.

 

According to the Ministry of Finance of Japan, the export surge is the result of state efforts to boost shipments out of the country thanks to a weaker yen as the impact of fiscal tightening in the U.S. and slowing growth in developing countries.

 

While the number of imports increased by 16% due to domestic economic recovery has increased demand for goods from abroad. While imports of fossil fuels remains high mainly due to the summer, rising oil prices, and the lid is still a nuclear power plant in Japan.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

BOJ Warns of Foreign Risk

Thursday, September 19, 2013

 

Member of the Bank of Japan's monetary council, Takahide Kiuchi, warned the risk reduction due to increased activity of the Japanese economy economic uncertainty abroad. "There is still uncertainty on whether growth in advanced economies, particularly the U.S., to offset the slowdown in emerging economies and shore up the global economy," said Kiuchi in the province of Hokkaido. "I see the risk of economic slowdown in Japan due to risks and uncertainties overseas economies, especially developing countries."

 

BoJ's Kiuchi also re-express concerns over BoJ's commitment to achieve the inflation target of 2% within 2 years. BoJ's Kiuchi see that the combination of aggressive monetary easing and commitment to achieving the inflation target in 2 years will have a negative impact to the Japanese economy. In recent BoJ meeting, Kiuchi has uttered a loose monetary policy that is too long can have negative impacts on the economy.

[mynameisandhy]

News and Economic Review Zone Asia

 

Despite Silence, Still the Fed Euphoria Paint Asia

Friday, September 20, 2013

 

After a strong rally the previous session, Asian markets today seem deserted because the rest of the market participants and trading activities tend to wait and see while you lock in profits. Trade due to the quiet atmosphere of the Chinese market, Hong Kong and South Korea were closed today regarding public holidays in the country.

 

But the feel the Fed is still felt euphoria at the end of this week after yesterday (Thursday, 19/9) The Federal Reserve's bond-buying program eventually defend of $ 85 billion per month. The decision was quite surprising given previous predictions showed that the U.S. central bank will reduce the $ 10 - $ 15 billion of total stimulus $ 85 billion / month.

 

Earlier in the day Monday, the market also suda shocked by the news that Lawrence Summers resigned from the candidate as the next Federal Reserve Chairman calom. Though he is expected to resume as soon as the stimulus the central bank took the leadership post.

 

In the Asian markets, the U.S. dollar (USD) was seen consolidating after a day gained against the yen on Thursday. USD today observed to be in the range of 99.30 yen after 1:57% rally in the previous session. And the yen weakened himself today until 99.55.

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

China HSBC Manufacturing PMI Up to 6 Months High Level

Monday, September 23, 2013

 

China's manufacturing sector is growing fast in the month of September, according to the earlier PMI surveys released on Monday. China HSBC manufacturing PMI index hit a 6 month high at 51.2, from 50.1 in August, stay away from the 50 level that separates expansion and contraction.

 

"Data HSBC China manufacturing PMI reaffirms evidence that China is leading the recovery rate of growth. This is confirmed by the continuous improvement in the conditions in the external and domestic demand, "said Qu Hongbin, chief China economist and vice president of research Asia economist at HSBC." We estimate the sustainability of the recovery as the right policy would raise the level of domestic demand. This will support better conditions for carrying the reforms, which will brighten the outlook for growth in the medium and long term, "he added.

 

The improvement in the manufacturing sector HSBC survey, which focused on small and medium-sized companies, following a rise in the official PMI data to 51.0 in August from 50.3 in July. Positive economic data from the country's second-largest economy in the world has strengthened expectations pulihya growth rate in the third quarter.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Yen Weakens Amid Speculation Central Bank Policy

Tuesday, September 24, 2013

 

Yen fell amid bets that the Bank of Japan will maintain stimulus as investors awaited a speech from Federal Reserve officials hinted at the time that may be slowing the purchase of assets by the central bank.

 

The dollar index moved to its highest level in a week before the Kansas City Fed Bank President Esther George and Cleveland Fed President Sandra Pianalto speaks on this day, even after yesterday's New York Fed President William C. Dudley said that economics still need support. Australian and New Zealand dollars fell as Asian stocks fell from the highest level of four months.

 

"Markets regard the yen as currency trading," said Jane Foley, currency strategist at Rabobank International in London. "Before we get the dollar-yen, holding above the 100 level we first need a stronger dollar and after the Fed's decision last week that delaying the reduction of stimulus . "

 

Yen at 17:35 pm observed in the range of 98.77 to 98.65 and High Low 99.16

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Weakened, Nikkei Constrained Performance Dollar

Wednesday, September 25, 2013

 

Japan's Nikkei stock index tracked down 0.4% at 14,674.65 (spot) at mid-day Wednesday (25/09). While the Nikkei contract is seen at the level of 14 630, lost amid profit taking.

 

Volume exceeded the number of profit-taking investors to purchase shares of dividend-oriented stocks ahead of determining the name of the recipient. Nikkei index had soared 10% between 2 September and 24 September before eventually weakened today. "Sentiment is the strengthening of the domestic sphere was minimal in the short term, while the Olympic factor, tax increases and cuts in corporate tax has been digested by the market," said Naoki Fujiwara, fund manager at Shinkin Asset Management. According to him, the Nikkei was likely to strengthen in the short term if the U.S. stock market could record an increase.

 

A total of 30 of 33 subindexes were in negative territory, led largely by the decline in heavyweight stocks and companies that have a market share in China. Shares of Fast Retailing (9983.TO) down 0.4% at Y37, 050, while Komatsu (6301.TO) lost 2.1% to the Y2, 478. The weakening dollar makes exporting company stocks depressed, such as Olympus (7733.TO) which slumped 0.6% to Y3, 085. The stocks that rose due to purchases for dividend factors, among others, Shionogi & Co.. (4507.TO), which rose 1.8% to Y2, 060. Trading volume is quite conducive to the value of transactions involving 1.7 billion shares.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Tankan survey next week Potentially Strengthening Opportunity Tax Increase

Thursday, September 26, 2013

 

Essential Survey Bank of Japan which will be released next week are expected to show large Japanese manufacturing sentiment improved in the third quarter, underscoring the recovery that is supported by the high level of private spending and increase the rate of the export sector. Tankan survey result by the central bank is expected to show a large manufacturing sentiment index improved 3 points from last quarter to 7, according to economists. It will be a positive outcome for 2 consecutive quarters, which means that the number of respondents who are optimistic than pessimistic, strengthen chances of Prime Minister Shinzo Abe will be voted to raise the sales tax sales from April next year in early October.

 

Abe, whose policies have helped create the stock price, weaken the yen, and strengthen the sentiment on the country's third-largest economy in the world, is expected to make a decision after the BOJ's Tankan survey released at 6:50 pm on Tuesday next week. The Prime Minister has ordered the government to design a stimulus package by the end of this month, the sources said the possibility would amount to about 5 trillion yen (50 billion dollars) to reduce the impact of tax increases on the economy.

 

"The level of exports of the U.S. economy is improving with good performance and Europe began to recover while the dollar is still below 100 yen. Stable level of domestic consumption as well as an increase in the level of public employment and housing demand," said an analyst at NLI Research Institute. "We estimate the Tankan survey results will be bullish. Would not be any reason not to run the plan to increase the sales tax."

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Japan Consumer Inflation Rate Jumps To 5 Year High Level

Friday, September 27, 2013

 

Japan's core consumer inflation, which excludes food prices, rose 0.8% in August from a year ago, scored the highest annual increase in more than 5 years. The increase in the consumer price index (CPI) is the third increase in a row and break the analysts' forecasts for a gain of 0.7%. This data is the latest signal under aggressive monetary easing from the Bank of Japan this year helps remove Japan from deflation that plagued Japan for almost 2 decades. Rising energy prices helped push the rate of inflation, temporal apelemahan yen and raise the cost of imports to reduce the level of consumer spending in the future. And despite positive CPI data on Friday, some economists said it was too early to say the Japanese inflation outlook has changed.

 

"In our view, this is just the beginning," said Paul Gruenwald, chief Asia-Pacific economist at Standard & Poor's Ratings Services. "We have to get out of deflation for two decades to return to an inflation rate of 2% and we will be waiting whether Kuroda will use with aggressive policies to realize it," he added. Japan's consumer price index, excluding food and energy prices, fell by 0.1% in August from a year ago, the rate of decline is the same as in July. BOJ has an inflation target of 2%, which is planned to be achieved within 2 years by draining more than 70 billion dollars per month into the economy.