News and Reviews Asian Economic Zone

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News and Economic Review Zone Asia (China)

 

China Launches Free Trade Zone Shanghai

Monday, September 30, 2013

 

Citigroup Inc . and Bank of China Ltd. . said it will participate in the free trade zones Shanghai as the Chinese government inaugurated an area of ​​11 square miles are , with the financial and investment control over loose . The two banks are part of a number of companies that announced participation in the zone , which was opened with the aim of creating a more efficient economic system and open , Commerce Minister Gao Hucheng said at the launch yesterday .

 

This area is a place to test the free market policies that signaled by Prime Minister Li Keqiang will be implemented more widely in China . Li and President Xi Jinping is expected to seek support for a plan to reduce government interference in the economy and financial system in the Communist Party plenum in November .

 

" The impact will be gradually presented itself, " said Wellian Wiranto , investment strategist at Barclays Plc . " They are learning as the process goes , they tried to look at the impact of the open policy and whether it can be applied to all regions of the country . " Experiment was conducted over China's slowing growth rate , with Lu trying to reduce reliance on exports and investment sectors , and encourage the role of the service sector and consumption . Chinese manufacturing data released in September that today rose less than analysts expected .

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News and Economic Review Zone Asia (China)

 

China Manufacturing PMI Slightly, Still Below Expectations

Tuesday, October 1, 2013

 

The growth rate of China's manufacturing sector grew only slightly faster in September with the official PMI data is at 51.1 from 51.0 in August, were below expectations and added to concerns that the economic recovery has faded. PMI data showed a difference between large and small companies manufacturing, with the sub-index for small firms are below the 50 level that separates contraction and expansion, according to the translation of data from the National Bureau of Statistics on Tuesday. Economists expected the official PMI rose to a 17-month high at 51.5.

 

Chinese companies have been sending mixed signals on their recent rebound. Separate manufacturing PMI released by HSBC on Monday showed the manufacturing sector grew less than forecast last month due to weak domestic demand.

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News and Economic Review Zone Asia (Japan)

 

Japanese Business Sentiment Touch High Level 6 Years

Tuesday, October 1, 2013

 

Japan's manufacturing sentiment improved sharply in the third quarter hit a 6 -year high , according to the central bank survey , strengthen opportunities Prime Minister Shinzo Abe to run the sales tax increase next year . The service sector is also slightly improved and large companies plan to increase capital spending , strong signal consumption and improving exports strengthening recovery in the country the world 's third largest economy .

 

Large manufacturing sentiment index rose 8 points to 12 in September , far better than forecasts an increase to 7 and rising for 3 consecutive quarters , according to a survey by the Bank of Japan's Tankan Tuesday . This data is the highest level since the survey in December 2007 , indicating that investor mood improved by Abe policy .

 

This data makes the market almost sure that Abe will announce tax hike on Tuesday , and designing a stimulus package to reduce its impact on the economy , analysts said . " This data is very constructive for assessing the current economic situation . There is no reason to stop Abe to raise the sales tax , " said Masamichi Adachi , senior economist at JPMorgan Securities in Tokyo .

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News and Economic Review Zone Asia (Japan)

 

Abe step disorienting Central Bank

Wednesday, October 2, 2013

 

The policy mix of Japanese Prime Minister announced on Tuesday the central bank likely will make confusion next year . National sales tax hike to 8 % from 5 % starting from April 2014 has been confirmed by Prime Minister Shinzo Abe on Tuesday . But Abe said most of the extra revenue from the sales tax increase is likely to be channeled back into the economy through a stimulus package of around 50 billion dollars , a move designed to reduce the impact of tax increases on the economy .

 

This is likely to make the Bank of Japan raised its forecast for long-term growth and inflation , according to sources close to the BoJ . However, the impact of the sales tax increase is still uncertain . Economists predict it will be bad for the economy at first , which can put the BOJ under political pressure to re- add stimulus to ensure the economy continues to feel the positive impact of the policy Abenomics .

 

The last time Japan raised the sales tax from 3 % to 5 % in 1997 , the economy fell into recession . Although other factors affect that time , the Japanese government will probably panic next year if the data show the economy began to deteriorate .

 

" Even with the stimulus package , the Japanese economy will not be able to avoid a contraction in the second quarter of 2014 after the tax increase , " said Masaaki Kanno , chief Japan economist at JPMorgan Securities . "The BOJ is expected to ease monetary policy in April next year to support the economy and encourage inflation , which does not seem to rise much . "

 

9th central bank board members will discuss the impact of the stimulus package and tax rises this week at a policy meeting on Thursday and Friday . Bagimanapun , Governor Haruhiko Kuroda is expected to welcome the sales tax increase , a move that openly supported as an important first step to reduce Japan's public debt levels are high . BOJ is not expected to change its policy in April last to drain 70 billion dollars per month into the economy and trying to push inflation toward 2 % within 2 years . But the policy board will also consider recent policy of Abe who might be able to change their long-term economic projections , which will be released on 31 October.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Mizuno : BOJ Will Hold Second Quarter Self least until 2014

Thursday, October 3, 2013

 

Bank of Japan will be waiting at least until the second quarter of 2014 before deciding to add stimulus , as considering the impact of taxable sales in April , said Atsushi Mizuno , a former BOJ board member . " It is too early to assess whether additional monetary easing would be needed " when taxes go up in April , said Mizuno , deputy head at Credit Suisse AG in Tokyo and a member of the BOJ board in 2004-2009 . " The BOJ said that they had done enough , and will add to it if needed , but gathering evidence strengthens the need to venture more than BOJ will take a long time . "

 

Most economists expect the central bank will ease policy again in June next year to support the Japanese economy in the face of the first sales tax increase since 1997 . While the fiscal package worth 5 trillion yen ( 51 billion dollars ) which was announced by Prime Minister Shinzo Abe this week will help reduce the impact of the tax increase and make SMBC Nikko Securities Inc. . revised upward its economic forecasts , the decline in the growth rate of the central bank would complicate efforts to achieve the inflation target of 2 % . Almost all economists surveyed expect no change in policy at the end of the two- day meeting of the BOJ besok.al economy has not been too strong . Several euro zone countries in the south also has not shown any significant progress in the manufacturing sector . The euro exchange rate is now seen at 1.3601 per dollar positions .

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News and Economic Review Zone Asia (Japan)

 

BOJ Governor Was worried about the negative effect Shutdown

Friday, October 4, 2013

 

Japanese monetary authorities pay great attention to the budget problems in the United States . Bank of Japan assessing the debt ceiling issue and the cessation of activity is government operations negatively impacting economy, Washington cherry country .

 

Today BOJ Governor called for a quick solution related U.S. government shutdown . Haruhiko Kuroda worried that negotiations deadlock between Congress and Barack Obama will affect the pace of world economic recovery . " If conditions continue like this , which affected not only the U.S. but also around the world , " he told a news conference after the BOJ regular meetings . As one of the largest export partner , America is an important role for Japanese businesses .

 

Bank of Japan ( BOJ ) this morning to maintain monetary policy and economic assessment . Authority does not do much predicted at a meeting this month due to uncertain macroeconomic situation . Nine- member policy board unanimously decided to keep the portion of the stimulus on the number 60 trillion - 70 trillion yen per year . At the same time the central bank also upgraded its assessment of corporate spending and keep the economy projected to add the phrase " moderate recovery " .

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News and Economic Review Zone Asia (Japan)

 

It is predicted that the BOJ decision by Market Participants

Friday, October 4, 2013

 

Decision of the Bank of Japan ( BOJ ) to maintain the monetary policy and the economic assessment is not a surprise to market participants . Authority does not do much predicted at a meeting this month due to uncertain macroeconomic situation . On this basis the results of the BOJ meeting will not greatly affect the price movements in the bond market for the next few hours .

 

According to Naomi Muguruma , senior fixed income strategist at Mitsubishi UFJ Morgan Stanley Securities Co. , attitudes BOJ is in conformity with the expectations of investors . Nine- member policy board unanimously decided to keep the portion of the stimulus on the number 60 trillion - 70 trillion yen per year . At the same time the central bank also upgraded its assessment of corporate spending and keep the economy projected to add the phrase " moderate recovery " . In the afternoon session until this afternoon , the sell is expected to occur as investors adjust portfolio positions and took profits after the benchmark 10 -year bonds fell to 0.625 % ( the lowest point since May 10 ) this morning .

 

Haruhiko Kuroda believed the governor would not comment beyond the estimate after the meeting . Regardless of stagnant activity in the U.S. government , the BOJ is unlikely promising something big in the near future . " Kuroda would only return promise of monetary easing if the recovery does not meet expectations , " explained Takeshi Minami , chief economist at Norinchukin Research Institute . According to him , Japan is building a scenario of economic recovery , the main parameters centered on the export sector , one of them to the U.S. market .

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Not Changing BoJ monetary policy

Friday, October 4, 2013

 

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 5th September. Monetary base is the BoJ policy instruments applied since the beginning of April. BoJ kept its assessment of the Japanese economy as he uttered the economy recovered moderately. Yen and Nikkei gained less visible weakening after the news was released. USD / JPY is now trading 97.15 while the Nikkei was at 14065.

 

Although the BoJ looks confident with the continued recovery in Japan, but the central bank also saw challenges including global economic uncertainties and the impact of the sales tax increase next year. This is the first meeting of the BoJ after Prime Minister Shinzo Abe agreed to the plan to increase the sales tax from 5% to 8% in April 2014.

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News and Economic Review Zone Asia (Japan)

 

Japan Shinzo Abe Optimistic Economic Rise Soon

Monday, October 7, 2013

 

In the session ' The Future of Japan 's Economy ' at the APEC CEO Summit 2013 in Bali , Prime Minister Shinzo Abe ensure economic revival of Sakura no longer a possibility after he took the bold decision to raise the consumption tax by 3% , which can threaten the success of Abenomics .

 

On October 1 , Abe voted to raise Japan's consumption tax from 5 % to 8 % as of April 2014 . Although it can threaten the growth rate , Abe sure no other way to restore the economy and restore security of public finances . Fiscal reconstruction , he said , must run concurrently with economic growth strategy . With the increase in taxes , the Government of Japan should be able to guarantee a prolonged deflation ends .

 

In order to stem the negative impact of the increase in the consumption tax , Abe will be poured a large-scale stimulus worth 5 trillion yen . He claimed that the stimulus package is not part of the series Abenomics policy , but an investment for the future of Japan .

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

World Bank Cuts Growth Forecast For China in East Asia

Monday, October 7, 2013

 

The World Bank lowered its economic projections for developing countries in East Asia this year and next year , and said that the region should increase its efforts to ensure financial stability ahead of rising interest rates in developed countries .

 

Developing economies in East Asia will probably grow about 7.1 % in 2013 and 7.2 % in 2014 , according to the Washington-based institution today , down from a forecast in April to increase 7.8 % and 7.6 % for 2013 & 2014 . China will probably grow by 7.5 % in 2013 , lower than forecast in April to 8.3 % growth , they said .

 

" The risk to the global recovery is still not clear increase over the fiscal impasse in the United States , the impact of stimulus withdrawal from developed countries , sudden slowdown in investment in China and tensions in the Middle East are still there , " says the World Bank in a recent economic report in East Asia and Asia -Pacific .

 

The Asian Development Bank trimmed its forecast for emerging economies in Asia this year and next year in the last week , as the economic slowdown in China and India are compounded by fears that a reduction of monetary stimulus by the Federal Reserve is likely to occur in which the investor has pulled out . Partial closure of the U.S. government in the last 17 years probably will reduce by 0.1 % of economic growth if it lasts for a week , according to the median estimate of economists in surveo by Bloomberg .

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

HSBC China Services PMI Fall In September

Tuesday, October 8, 2013

 

China Services PMI index fell HSBC version in September to 52.4 from August at 52.8 . A reading above 50 means the Chinese service sector expansion , while below 50 means contraction . Although down from August , new orders for China's services sector continued to rise . Employment levels are also elevated in the services sector , after declining in August . While employment levels in the manufacturing sector dropped six straight months .

 

" The growth of China's service activity tamoaknya stabilizes at a faster rate than the second quarter . Combined with the gradual improvement of the manufacturing sector , prmulihan China's economy is still on a moderate path " said HSBC chief economist Qu Hongbin China .

 

While China's services sector index , released by the Chinese government on Thursday showed an increase of 55.4 in September from August at 53.9 . Data from HSBC obtained by questionnaire replies were sent to the purchasing managers at more than 400 private service companies

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Try Limit Decrease weakening Yen Nikkei

Wednesday, October 9, 2013

 

Nikkei seen try reducing the concomitant decrease continued weakness in the yen in early Asia . USD / JPY touched 97.12 ; 8 weeks away from the strongest level achieved 96.55 last weekend . If a weaker yen continues then this could help improve the competitiveness of Japanese exporters in the international market . Sentiment was also quite positive after the White House point out President Obama will announce nominations Jenet Fed Vice Chairman Yellen as the next Federal Reserve Chairman Bernanke will replace his term ends in January 2014 . If the Fed 's Yellen selected then this means that the U.S. central bank will keep monetary policy loose to run in order to maintain the momentum of the U.S. economic recovery . Nikkei futures are now traded 13845 ; trying to stay away from daily lows 13765

 

Nikkei had slumped sharply in the beginning of the session as investors remain worried about the protracted political drama Washington . President Obama reiterated the budget negotiations can only begin after the Republic agreed to raise the debt ceiling without conditions . Investors worried about the risk of a U.S. debt default deadline approaching debt ceiling increase on 17 October. On the other hand , the U.S. earnings season began with a tone that is not so positive after Alcoa posted a profit rise only thin and Yum Brands reported a 68 % profit fall .

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Investors Increasingly Optimistic Post- Release Japanese Data

Thursday, October 10, 2013

 

Tokyo bourses ended in positive territory recorded a gain on trading on Thursday ( 10/10 ) mainly due to the weakening of the yen against the U.S. dollar as well as the release of economic data are positive today so that gives support to the exporters on the trading floor .

 

Sentiment in the Japanese market appears positive after the government released data that experienced machinery orders rise 5.4 % in August, unchanged from the previous month . And for the year -on-year rose 10.3 % from 6.5 % the previous year . Meanwhile, Japan's consumer confidence index in August rose quite dramatically to a level of 45.4 from the previous 44.3 .

 

While today the yen traded at around 97.74 lower than yesterday's close at 97.35 against the U.S. dollar level . And today the yen had dropped to 97.82 level . The Nikkei ( N225 ) ended closed up 1:12 % or +156.87 points to 14194.71 area . While the Nikkei index rose - fut also recorded 0.89 % or +125 points at around 14180 .

 

Market players were now more motivated after last month the Bank of Japan ( BOJ ) declared its economic recovery at the same time decided to maintain its monetary policy ( unchanged ) with a fixed interest rate in the low range . BOJ ( Bank of Japan ) officially declared that the country's economy was back on the road to recovery and will continue its asset purchase program as a goal to achieve an inflation target of 2 % .

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

China's Li Will Skip Seeing Growth 7.5 % In First 9 - Months of the Year

Thursday, October 10, 2013

 

Chinese Premier Li Keqiang said that the country's economic growth will probably exceed 7.5 % in the first nine months of this year , with the signs of his government next week will report success in restraining the previous two quarters .

 

Economy has been " showing strong momentum of steady growth ' in recent months , with indicators showing improvement in market expectations as the purchasing managers index , said Li . He made ​​the comments in a speech today at the summit of the Association of Southeast Asian Nations in Brunei .

 

China previously reported expansion in the first half amounted to 7.6 % and Li administration introduced new measures that include spending for speeding train line and cut taxes to maintain the target of 7.5 % for the full year . National Bureau of Statistics to report growth in the third quarter on October 18 , with the median estimate of 33 economists in a Bloomberg News survey was 7.8 % , up from 7.5 % in the second quarter .

 

" We have confidence in meeting the targets set for economic and social development " in 2013 , said Li .

 

Xu Gao , chief economist at Everbright Securities Co . in Beijing , said that the restoration of " real in the third quarter , but whether the momentum can be sustained , it is an open question of market participants . "

 

Rebound may be faltering in the period from October to December for the lack of additional support policy and because of the high debt basis when compared with last year , said Xu , who previously worked for the World Bank . He anticipated expansion for the period from July to September and by 7.7 % for the fourth quarter amounted to 7.3 %

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

PBOC : China Growth In 2013 Will Exceed 7.5 %

Friday, October 11, 2013

 

China's economic growth will exceed the government's official target of 7.5 % this year , with some economic risks such as government debt and the " shadow banking " under control , according to Sina.com reported , citing Deputy Governor of People's Bank of China , Yi Gang .

 

" There is no doubt that China will exceed the GDP growth target this year , may even reach 7.6 % . Meanwhile, in the future , China's economic growth will likely persist in the range of 7 % , " according to Yi Gang .

 

China's GDP grew 7.5 % in the 2nd quarter , slower than the 7.7% growth achieved by the first 3 months of this year . The levels are also lower than the 7.7 % expansion in 2012 and 9.3 % in 2011 .

 

China's statistics bureau is scheduled to release GDP growth figures for the 3rd quarter on 18 October. China's economic indicators are visible begun to improve during the period from July to September has prompted economists expect GDP growth of 7.7 % .

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News and Economic Review Zone Asia (China)

 

Shanghai Positive After Inflation Data

Monday, October 14, 2013

 

China's Shanghai stock index appeared to move in the positive territory in early trading last week ( 14/10 ) after China's consumer price index ( inflation ) rose faster than expected in September .

 

Consumer price inflation recorded an increase by 3.1 % in September compared to the previous year which recorded a 2.6 % increase in August. And the numbers appear higher than economists' expectations of 2.9 % is expected , according to Dow Jones Newswires survey .

 

Meanwhile, China's producer price index ( PPI ) is still weak in numbers recorded -1.3 % from September 2012 records ago. But the figure was better than the level in the month of August by -1.6 % , and also better than economists' expectations of -1.4 % . On a monthly basis (monthly ) , CPI figure rose 0.8 % last month , and PPI figure rose 0.2 % .

 

Investor sentiment appears positive after the data release . Noted Shanghai Composite index rose 12:26 % or 5.77 points up at 2233.92 area . While the Hong Kong market today are not operating due to public holidays closed regard .

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

Export value of China Melorot On in September

Monday, October 14, 2013

 

Value of China's exports unexpectedly fell in September and soaring inflation on food prices , suggesting a constraint on economic recovery amid Prime Minister Li Keqiang is trying to maintain growth without adding monetary stimulus .

 

Total shipments abroad in September fell by 0.3 % from a year ago , shown in data from Customs on 12 October , following all of 46 estimates in a Bloomberg News survey , while the number of imports to rise above the 7.4 % forecast . Consumer prices increased by 3.1 % as food prices rose to the highest level since May 2012 , is shown in the data from the Bureau of Statistics said today in Beijing .

 

The report may add to the challenge of Li in maintaining the government's target of expansion this year at the rate of 7.5 % . IMF agency has cut the global growth outlook last week as capital flows may be lower in emerging markets and warned that the U.S. government may default on impact " serious damage " to the world economy .

 

" There has been a recovery since July exports to the U.S. and Europe , but it was pretty weak , " said Shen Jianguang , chief Asia economist at Mizuho Securities Asia Ltd. . in Hong Kong . " driving force for China's economic recovery is still at the stage of housing and infrastructure investment . "

 

The impact of increasing the value of exports that began at the end of last year , because of the small working days to coincide with the autumn festival holiday , and volatility in Asian currencies that make up the southeast trade " pretty bad , " he added .

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

China Foreign Exchange Reserves Rise to Highest Level Since 2011

Tuesday, October 15, 2013

 

China's foreign exchange reserves rose in the last quarter to the highest level in more than two years , a sign that the Chinese government's efforts to protect the country's growth has attracted money into the country even though capital flows in developing countries ranging from India to Indonesia was seen walking out .

 

Reserves in China reached a record high level of $ 3.66 trillion at the end of September , the People's Bank of China said yesterday in Beijing , up from $ 3.5 trillion in June . Projected median of seven economists called for an increase to the previous $ 3.52 billion in a Bloomberg survey .

 

The data indicate Premier Li Keqiang efforts to improve the expansion has fueled incoming capital flows , while emerging markets suffered with capital outflows on concerns the U.S. Federal Reserve will cut its monetary stimulus . Currency yuan rose to its highest level in at least five quarters in the period from July to September , hinted the central bank will intervene to slow the strengthening currency .

 

" The data on foreign exchange reserves may reflect China's status as a safe haven and shows hot money coming into the country safe during periods of market turmoil , " said Timothy Condon , chief analyst at ING Groep in Singapore

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Abe Special Adviser Urges There BOJ Law Revision To Raise Inflation Forecast

Tuesday, October 15, 2013

 

Japan should revise the central bank law to make the central bank responsible for the creation of jobs and end deflation , said Etsuro Honda , an economic adviser to Prime Minister Shinzo Abe .

 

"Monetary policy has a major impact when it can create hope , " Honda said in an interview last week at the Prime Minister's office in Tokyo . " To ensure that expectations are formed , the purpose of the BOJ needs to be legally documented . "

 

Abe said that this year's legislation can be revised if the central bank fails to " take responsibility and bear fruit , " while the deputy governor Kikuo Iwata has also advocated change . Honda 's comments suggest that a more aggressive approach may be necessary to ensure the end of deflation that has lasted more than a decade .

 

Honda says that the laws need to change to make the central bank responsible for the creation of jobs , in addition to current responsibilities in maintaining price stability , similar to the Federal Reserve's two mandates . Governors and other executives also should make an explanation of their actions under the law , says Honda , while they are not required to do so now .

 

Honda is a former finance ministry bureaucrat who has known Abe for 30 years , in which he was traveling the country in the past year to make a speech about the benefits of reflation ( inflation of the currency after deflation ) and it makes Abe made ​​him the particular advisor .

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Debt - ceiling standoff anxiety , Nikkei Pressed

Wednesday, October 16, 2013

 

Tokyo stock exchange floor seem to experience a correction in the trading session on Wednesday ( 16/10 ) in spite of the news that the U.S. Senate has made progress towards a deal to reopen the government and raise the debt ceiling .

 

Correction in the Japanese market sentiment index declines due to carry over Wall Street that occurred overnight . U.S. markets ended with closed sharply lower on volatile trading on Tuesday as ongoing concerns over the debt ceiling impasse discussion ( debt ceiling ) which continues to weigh on the market . Wall Street slumped after Sen. Dick Durbin said fiscal negotiations postponed until the Republican plan to raise the debt limit and government funding .

 

However, in Tokyo trading floor still seems some winning stocks led the market rally . Softbank Corp shares surged 2.2 % after munculkabar that the mobile phone companies in talks to buy U.S. stocks mobile phone distributor Brightstar Corp. . While the manufacturing sector, chip stocks were also higher with Diso and Ibiden shares each rallied 1 percent . N225 Nikkei index tracked down -23.44 points or -0.16 % at 14418.10 range area .

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

China Warns Developing Countries Slowing Demand Levels

Thursday, October 17, 2013

 

China's exporters will face tough times in the coming months as demand from emerging markets slowing , according to a warning from China's trade minister on Thursday after data showed sales rate last trading towards Southeast Asia slowed sharply in September .

 

However, China is ready to take the policy to support exporters to ensure betumbuh trade sector by 8 % this year as targeted , said spokesman Shen Danyang bucara trade minister , allowing exporters to enjoy a " slow growth " in the coming months . " While developed countries showed signs of recovery in recent months , a number of developing countries are beginning to lose growth momentum , " said Shen . " Many risks such as capital outflows , currency depreciation and rising inflation pressures also lead to economic slowdown in countries developing States , " he said .

 

The comments following the September trade data released last week , which shows the country's exports fell by 0.3 % , Degnan contract market expectations for a gain of 6 % . Sales towards Southeast Asia is the weakest sector , with a growth rate in the month of Septmber fell to a 17-month low at 10 % from 31 % the previous month . Analysts said the fear tightening in U.S. monetary policy has hurt the demand of Chinese goods as investors withdraw their funds and developing nations in Asia which is China's export markets are the fastest growing last year .

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Kuroda QE Seeing The Positive Impact On the Economy

Friday, October 18, 2013

 

Bank of Japan Governor Haruhiko Kuroda on Friday said that the impact of monetary stimulus the central bank managed to permeate the economic activity and the positive impact on the economy and the price spread . Kuroda said the economy will continue to recover moderal the annual rate of increase in core consumer inflation is likely to rise gradually .

 

"The BOJ will continue the quantitative and qualitative easing , to achieve the price stability target of 2 % , as long as it takes to maintain stability , " he said . In the policy review on 3-4 October, the central bank increased its forecast level of capital expenditure will rise to say , while maintaining monetary stimulus that was launched last April , which aims to achieve the inflation target of 2 % in less than two years . The BOJ will hold a policy meeting later on 31 October, where the central bank will also economic and price projections semester .

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Not Just Pushing Yen weakening Japan's exports

Monday, October 21, 2013

 

Analysts said the number of Japanese exports in September showed a weaker yen failed to provide the necessary impetus for exporters . Japan's exports in September rose 11.5 % from a year earlier , but down from August of 14.7 % and below the estimate of 16.1 % . According to the Ministry of Finance Japan Japan's trade deficit in September amounted to 932.2 billion yen , slightly down from the previous month at 960.3 billion yen .

 

Junko Nishioka , chief Japan economist at Royal Bank of Scotland , said in a statement that the weakening of the domestic currency is in progress , which has fallen about 13 % so far this year , does not give effect to the exporters as before . Nishioka added that there are several factors that weigh on exports , including the closure of nuclear power plants since 2011 and the tsunami disaster in the Fukushima power plant , so it is still increasing Japan's oil imports .

 

" Earlier this year , we expect some parts of the nuclear power plant will be operational in a few months . But now, several nuclear plants are in the inspection . This means that the Japanese economy will pay the cost of imported energy consumption even further " said Nihsioka .

 

But Tony Nash , vice president of IHS , said one of the reasons why exports did not rise as expected can be caused karean many Japanese products manufactured outside of Japan , especially in Southeast Asia . " Japanese companies are now increasing confidence in the production is done outside of Japan, where they have more confidence if the product is only manufactured in Japan . Although tetao money into Japanese companies , but the volume of exports will enter countries that produce these products on behalf of the Japanese company " Nash said .

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Japanese Market Continues Haunted Balance Deficits

Tuesday, October 22, 2013

 

In general, the Japanese market today (Tuesday , 22/10 ) appeared lethargic carried away because global markets are less impressive plus still widespread investor pessimism on the economy of the country after the release of Sakura Japanese trade data are disappointing .

 

The value of the yen exchange rate also weakened in its 2nd day this week after the Japanese government posted a record trade deficit in 15 months in a row in September . According to the Ministry of Finance of Japan on Monday ( 21/10 ) , the level of exports slowed in September from 11.5 % the previous year and a 14.7 % decrease from the rate in August . While the value of Japan's imports rise by 16.5 % , up from 16 % the previous month . An increase in imports is mainly due to high energy prices continue to erode the value of Japan's total trade figures .

 

The difference of the value of import and export produce trade deficit in September amounted to 932.2 billion yen ( $ 9.5 billion ) , shrank slightly from figures in August amounted to ¥ 960.3 billion . But that figure ballooned from markets and analysts estimate the expected deficit of ¥ 920 billion in a Reuters poll .

 

And the value of Japanese exports slump is inevitably fueled speculation that the Bank of Japan ( BOJ ) will add stimulus to the community . Yesterday , BOJ Governor Kuroda said that policy easing will tend to weaken the exchange rate , will be maintained to keep inflation stable .

 

The impact of these data releases to this day makes the yen exchange rate fell to 98.25 against the U.S. dollar after briefly falling to the level of 98.36 . While at the closing session on Monday , the yen ended up closing at 98.18 after weak eroded to 98.24 yen , Reuters platforms .

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Yen Gains Sustained Drop in Asian Stocks

Wednesday, October 23, 2013

 

The yen rose sharply against major currencies due to the falling Asian stock markets and on signs the U.S. economy is slowing boosted demand yen as a safe haven . " The yen is being bought due to the risk of a decline in the stock market " said Kengo Suzuki of Mizuho Securities Co. .

 

Throughout major Asian bourses tracked down today , led by Japan and China stock markets . The Nikkei fell 287.20 points or 1.95 % to trade during the day , one hour after touching its highest level in nearly a month . Shanghai Composite lost 28.22 points, or 1.28 % , while the Hang Seng and Kospi also was in the red zone .

 

USDJPY is currently deperdagangkan fell in the range of 97.50 to 98.18 daily highs and lows 87.25 . Cross pairing EURJPY fell sharply and is currently traded in the range of 134.26 to 135.26 daily highs and lows 133.95 . Semntara GBPJPY is currently in the range 157.41 159.35 away from daily highs .