News and Reviews Asian Economic Zone

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

China Manufacturing Improvement Show More

Thursday, October 24, 2013

 

Initial measurement of China's manufacturing activity conducted by HSBC again showed improvement . PMI Manufacturing index rose to 50.9 , from the measurement of end-September amounted to 50 , and higher than the forecast of 50.4 . Anggka the highest level in seven months .

 

" Flash PMI implies that the recovery of China's economic growth to consolidate the fourth quarter , after coming out of the bottom in the third quarter . This momentum is likely to continue coming months , creating favorable conditions to accelerate structural reforms " said Qu Hongbin , chief economist at HSBC .

 

China shares weak response to prune these data , the Hang Seng cut decreased from 0.7 % to 0.4 % while the Shanghai Composite Index is still down 0.1 % after being down 0.5 % . While the aussie is sensitive to strong Chinese data , currently trading at around 0.9651 with daily lows and highs 0.9612 0.9666 .

[mynameisandhy]

News and Economic Review Zone Asia (South Korea)

 

South Korea GDP Appear on Top Estimates

Friday, October 25, 2013

 

South Korea's economic growth in the third quarter to maintain a strong pace as the previous quarter , and expectations memeprkuat fourth largest economy in Asia is still on the recovery path . South Korean GDP grew by 1.1 % in the period July-September from the previous quarter , when the economy grew at lau Koresel same . It was the strongest growth since the first quarter of 2011 , when the South Korean economy grew 1.3 % .

 

On annual basis , the economy grew 3.3 % South Korea in the third quarter , accelerating from the previous quarter when it grew by 2.3 % . Economists had predicted South Korea 's economy grew 1.0 % on a quarterly basis and 3.4 % on an annual basis . Previous BoK maintain South Korea's economic growth forecast for this year by 2.8 % , but revised down its 2014 economic growth to 3.8 % from the previous 4.0% . Earlier this year the South Korean government to inject an extra budget of 17.3 trillion won , this is the first fiscal stimulus in the last four years to stimulate the economy .

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

Chinese President Mute Friction between Media and Foreign Companies

Friday, October 25, 2013

 

Media criticism of the government against multinational companies not being stopped in the year 2013. Companies like Apple and Samsung knew how bitter news television stations and newspapers SOE bamboo curtain country .

 

Regardless of the rapid flow of criticism of the foreign company's operational performance by the media , the Chinese government reiterated support for outside corporations . In a meeting with members of expatriate council of economic advisers and management of Tsinghua University , the President Xi Jinping confirms the important role of foreign companies on the domestic economy . Statement Jinping as if to defuse tensions between the government and foreign investors to invest in China .

 

" Multinational companies play a role in the economy and the advancement of managerial aspects , " he said Jinping . Attitude president amid criticism thrown outside the Chinese media activity that will always ' disturbing ' foreign interests . The government itself through various communication taps repeatedly asserted that the correction media is one way to protect consumers .

 

Media war between supporters of the Chinese government and multinational corporations continues this week . China Central Television ( CCTV ) in its message blasted Samsung Electronics due to collect fees from consumer product improvements . Though VVTV claims that due to the servicing real defects . Product Samsung Note and S series often experience damage to the internal components of the memory card . But instead of warranty, Samsung actually collect fees from repair claims filed by consumers .

 

A few days earlier , the two state media China Central Television ( CCTV ) and China Daily , reported that Starbucks impose higher prices for coffee products and its derivatives in outlets located in China . Whereas in other countries , including the United States , the price tag is not as expensive Starbucks coffee prevailing in China . The issue of ' blackmail ' the consumer is increasingly exacerbate friction between the government and the corporate media of the country of origin of Uncle Sam .

 

CCTV reported that the size latte being rewarded 27 Yuan or the equivalent of $ 4.40 in China . The amount is higher than the price in Chicago is only $ 3.20 and London which amounted to $ 4 . The same report also mentions that the products sold Starbucks mug ( made ​​in China ) for sale reaches $ 18 , whereas in America banderolnya range of $ 10-14 per piece .

 

While in March , Apple accused of failing to provide quality services to Chinese consumers on the use of reconditioned parts in after-sales. The Ministry of Information claimed that state media coverage is a form of public control on the performance of private businesses . Through transparent criticism , the government hopes the rights of the consumer are met accordingly .

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Help Abenomics Toyota Sales Beat GM & VW

Monday, October 28, 2013

 

Toyota Motor Corp. has sold more vehicles than General Motors Co. , and all of the other automakers for the second time in the third quarter , this is the latest example of how the largest manufacturer in Japan to benefit from Abenomics .

 

Japan's largest company and its subsidiaries have sold as many as 2.5 million vehicles in the period from July to September , up by 2.8 % from a year ago , according to figures released today by Toyota . Third quarter sales of GM , which is in the report at the beginning of the month, rose as much as 5.5 % to 2.4 million vehicles, while Volkswagen AG increased delivery vehicle , which does not include large trucks , to about 2:33 million , based on the data from each company .

 

To the success of Toyota lately according to analyst estimates they will post highest profit in the current fiscal year , this illustrates how the policies of Prime Minister Shinzo Abe that weaken the yen has given the advantage to the Japanese exporter and helped turn the economy already in recession in five years last . The large manufacturing more confident today than since 2007 , and the stock price is close to the highest level of half a decade .

 

" Within a few months ago , Abenomics has pushed sales of the Japanese automaker as the weakening yen , " said Yuuki Sakurai , president of Fukoku Capital Management Inc. . " Selling price of some Japanese vehicles in the U.S. has been lower , which is where it makes them more competitive . "

 

Toyota 's share price has risen by 58 % this year , compared with the GM rose 23 % . Meanwhile Volkswagen shares were little changed .

 

Toyota sales have surpasses GM in the first nine months of 2013 , putting the company on track to lead the industry for the second year in a row . Toyota has sold a total of 7:41 million vehicles compared to GM selling vehicles and VN 7:25 7:03 million vehicles , based on the data from each company .

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

GM China Plans to Increase Campaign To Prevent VW

Monday, October 28, 2013

 

General Motors Co. . said that they plan to increase the promotion of the Chevrolet brand in China and strengthen the ranks of GM sports cars to maintain their position as a leader in the largest car market in the world .

 

" We still have a lot to improve our corporate parent brand for Chevrolet and we will use the right way and do the job properly , " said Tim Lee , GM China's leader , who was appointed to a new role in August in an interview in Shanghai last week . 'If there is one thing I wish we had done differently, and I hope we give a better offer " of a smaller SUV models .

 

Increased sales of GM's biggest market adalan important for the purpose of CEO Dan Akerson who want to build their brand as the best-selling brand of car manufacturers around the world . Chevy sales growth in China has lagged behind the industry by 14 % , while shipments SUV has jumped as much as 45 % , based on data from the company and the China Association of Automobile Manufacturers .

 

" It is a brand that has a history of about seven to eight years in China , so by the time this brand is still too short in the market , good knowledge of our brand , and consideration is also good for our brand , " said Lee . But could get better? I guess they could . "

 

Although GM is the biggest-selling automaker in China last year , Volkswagen AG has advanced in terms of delivery vehicles during the first three quarters . Chevy delivery rose by 3.3 % to 472.561 units in China , compared with sales of which amounted to 606.330 Buicks . Manufacturers are also counting on from the Wuling brand mini commercial vehicles and cheap car Baojun produced by joint ventures with local perusaahan stable between brands in China .

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Japan Consumer Spending Jumps 3.7%

Tuesday, October 29, 2013

 

Japan consumer spending jumped 3.7% in September compared with the previous year. This figure is also far exceeded economists' forecast of 0.7% at. Median household income in September also increased 0.9%.

 

Separate data showed Japan's retail sales in September rose to 3.1% compared to the prior year, and higher than economists' forecast of 1.9%.

 

Prime Minister of Japan, Shinzo Abe, Japan's pledge to remove from the deflation that has lasted for 15 years with a policy called "Abenomics", which aims to raise prices and wages, to move the economy.

 

The Japanese government last week reported the rate of inflation for the month of September rose 0.7% compared with the previous year, and be increased for four consecutive months.

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

China Repo Rate Set At Highest Level 4 - month

Wednesday, October 30, 2013

 

The interest rates on the money market of China touched the highest level in four months , a day after China's central bank injected funds into the market to dampen fears of credit tightening significantly. Seven- day repo rate rose today 64 basis points from the previous day to 5.59 % .

 

Analysts said the rate hike is now a seasonal factor . Currently not much to worry about going back a surge in money market interest rates as it did in June , sparking fears of a credit crunch in the country with the second largest economy in the world .

 

People's Bank of China ( PBOC ) on Tuesday to inject funds into the money market by 13 billion yuan ( $ 2.13 billion ) through open market operations . However, injection of these funds are not sufficient to reduce the repo rate is becoming lower .

 

" Liquidity is still tight and small yesterday repo operations , China is still in the process of determining the appropriate level of interest rates " said Nizam Idris at Macquarie Bank . Analysts predict the PBOC will inject more funds to reduce the fear of speculation of monetary tightening .

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

BOJ Raise GDP Projections Japan

Thursday, October 31, 2013

 

The Bank of Japan ( BoJ ) reported Japan's economic outlook for 2014 was revised up to 1.5 % compared to the previous estimate of 1.3 % . While the core rate of consumer price inflation in the estimate rose to 1.3 % for 2014 and 1.9 % in 2014.

 

While in his press conference , BoJ governor , Kuroda stated that the central bank is prepared to make adjustments if needed stimulus . However, there are indications that the three members of the BoJ , the Kiuchi and Sato disagree with statements regarding the outlook BoJ's inflation target of 2 % that can be achieved in 2015 .

 

Japan GDP revised rate increase reflects optimism BoJ officials against the positive effects of simulus package by 5 trillion yen to be implemented to offset the negative impact of the increase in the consumption tax which was implemented in April 2014 fiscal year . Kuroda also considered that the negative impact due to fiscal problems in the U.S. despite the impact on the Japanese economy but is expected to be temporary , and global economic growth is still on the path of gradual recovery .

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

The Chinese manufacturing show Stretching Sturdy

Friday, November 1, 2013

 

Among investors in the mainland China market in trade appears sumringah weekend (Friday, 1/11) after the release data on manufacturing activity today shows strong stretching sectoral performance during the period October.

 

In almost all financial lines performed brilliantly after the Chinese government through the designated agencies - NBS, released figures PMI manufacturing activity rose to 51.4 in October from the previous month at 51.1. While manufacturing activity PMI released by HSBC, also recorded a figure well above expectations at 50.9 in October compared to the previous estimate at the level of 50.7. But that number is equal to the previous level in the month of September.

 

Previously, the market sentiment has been motivated by the Chinese data release in mid-October which showed consumer price inflation (CPI-China) recorded an increase to 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 a 2.9% estimate.

 

While the GDP growth rate y / y China bolted 7.8% in the third quarter from the previous quarter to 7.5% last year. And GDP q / q in the third quarter China also rose 2.2% from the previous quarter at 1.7% level. As a result, with the improving fundamentals in the largest communist country, increasingly indicates that the country's economy still shows the bamboo curtain stretching rapid growth.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

When Pitch Weak Yen Nikkei Holidays

Monday, November 4, 2013

 

Beginning the week (Monday , 4/11 ) tracked down the yen exchange rate in the range of 98 to the U.S. dollar , but the condition is not met by the Japanese exporters because today's Nikkei stock market closed cherry country regarding national holidays .

 

Today the yen back sandwiched 98.75 range area after last Friday closed at the level of 98.70 against the U.S. dollar ( USD ) . While today's exchange rate of the yen had weakened to a level of 98.84 against the USD , is still the same as its weakest point on Friday.

 

At the end of last week's trading , the Nikkei had to end because of all the negative major indices trading markets weighed down by concerns that the Fed is expected to reduce its stimulus in the coming months . Nikkei weakness was also due to the emergence of anxiety on Japanese earnings season which started last week . At last Friday's close , the Nikkei ( N225 ) recorded weaker ( -0.88 % ) or dropped by -126.37 points at 14201.57 . While the Nikkei - fut also corrected to ( -1.18 % ) to the level of 14190 .

 

In general, almost all of last week , the Nikkei negative pressure in the area because of the attitude of many investors influenced by Wall Street which fell after the U.S. Federal Reserve ( the Fed ) does not give a big surprise to the market . The Fed decided to refrain from monetary stimulus cut as expected . Uncle Sam's central bank decided to keep its bond-purchase program worth $ 85 billion dollars / month in the midst of the U.S. economic data is still unsatisfactory .

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

Chinese Premier Warns Loose Monetary Policy

Tuesday, November 5, 2013

 

China should maintain the level of economic growth at 7.2 % to ensure the stability of the labor market , said Prime Minister Li Keqiang as he warned the government about the ease monetary policy again . In one occasion when senior officials announced the minimum level required for employment growth , Li said calculations showed China's economy should grow 7.2 % on an annual basis to create 10 million jobs a year . It would limit unemployment rate around 4 % , he said .

 

" We want to stabilize the rate of economic growth as we have to ensure the level of work , " said Li was quoted as saying by the Workers ' Daily on Monday . His remarks were made at a meeting two weeks ago , but was released in full this week . Although the government continues to monitor the rate of growth , Li warned about the supply of easy credit , which he said had exceeded 100 trillion yuan ( 16.4 billion dollars ) in China .

 

" M2 money supply at the end of March we have exceeded 100 trillion yuan , and it has doubled the gross domestic product ( GDP ) , " it quoted Li . " In other words , there's still plenty of money in circulation , printing money can lead to inflation again . "

 

His comments reinforce measures terhadpa inflation hawkish government , and does not signal a change in policy bias , said Wang Tao , an economist at UBS . But they underscore a firm line that China should encourage economic growth and employment for social stability , while taking care not to excess money in circulation which may hurt the economy in the long run .

 

Driven by its reliance on exports and investment , the Chinese government has long criticized worth 8.5 trillion dollar economy is not stable and not be on a growth path that can last a long time . To fix the economy , the new leader of China has signaled its willingness to tolerate slower expansion instead of the net growth rate led by consumption . Important meeting of senior officials on November 9 to 12 will demonstrate how aggressively the Beijing to push for reform , which many analysts said politicians will probably push through other changes .

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

China Inflation estimated Rises Further

Wednesday, November 6, 2013

 

China's central bank said inflation is likely to rise further and the government is still worried about property prices. People's Bank of China (PBOC) said inflation in the fourth quarter is likely to be higher due to the increased cost of labor and services. Inflation in September was 3.1% higher than in August Lebing of 2.6%, and above market expectations of 2.9%.

 

PBOC also said there are risks to the economy after a rapid expansion in recent years, driven by rapid credit growth. Issues including the property market, local government debt, and limited resources and lingklungan. The government will use market mechanisms to reduce local government debt.

 

China will release inflation data for the month of October this weekend. China's inflation in October was estimated at 3.3%.

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

China's Export Sector Growth Exceeds Estimates

Friday, November 8, 2013

 

The country's exports increased by 5.6 % in October from a year earlier while imports rose 7.6 % level , resulting in a trade surplus valued at 31.1 billion dollars , according to the General Administration of Customs today in Beijing . The level of exports is expected to fall about 2.2 % to 8% increase . While the level of imports is expected to rise about 4.5 % - 11.5 % . The trade surplus is expected to be in the range of 15.2 to 34.4 billion dollars .

 

The importance of the export sector to the Chinese economy can not be ignored , Prime Minister Li Keqiang said in October , according to a transcript of his speech released this week . He said the export sector employs about 30 million people directly and supports around 100 million jobs indirectly .

 

Manufacturing and services sector surveys released this month China indicate the country the world's second largest economy is experiencing a recovery in the second quarter after a slowdown during the second quarter . Statistics bureau will release inflation data for October, industrial production , retail sales and fixed asset investment tomorrow . The central bank will release data on lending and money supply in the next week .

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

Depressed Towards the Shanghai Communist Party Rally Results

Monday , 11 November 2013

 

Shanghai bourse floor weakening observed in the negative range ( 11/11 ) due to among anxious investors await the result of an important meeting of the Communist Party of China is expected to produce a lot of big steps towards reform in the state.

 

However, China's October economic data that was release on a solid weekend , to help shore up the market to try to move in the positive zone . Stock exchange floor seem porperti sector developers and mainland China suffered Corrections after emerging from news agency reports quoting Xinhua Beijing authorities may prohibit activity presaleuntuk total new home .

 

On the Shanghai Stock Exchange , shares of Poly Real Estate Group Co . and Gemdale Corp. . their weakened around 0.9% and 1 % . While China Resources Land Ltd. shares . and Sino Land Co. stock . also terkoreksi respectively 0.2% in Hong Kong stock exchange . China's key Shanghai Composite Index recorded weakened ( -0.32 % ) or terkoreksi ( -6.71 points) in the range of 2099.41 area .

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

Chinese New Credit Down in October , Triggering Possibilities Monetary tightening

Tuesday, November 12, 2013

 

Total bank loans in China's latest touch - lowest level in 10 months in October and the broad measure of the liquidity fell moderately from the previous month , adding to evidence that the central bank will probably reverse attitude towards monetary tightening .

 

The data in the release on Monday by the People 's Bank of China showed the bank had made loans latest in local currency as big as 506.1 billion yuan ( $ 83.10 billion ) in October, lower than the estimate of 600 billion yuan and below the previous month as large as 787 billion .

 

The decline in bank lending in line with the slow pace of growth in total social financing as a whole, which is a broad measure of liquidity in the economy. That's as much as 856.4 billion yuan in October compared with 1.4 trillion yuan in the previous month .

 

"Figures in a show by the central bank allows for the availability of monetary tightening in compare with the previous month , especially considering the rising inflationary pressures in the fourth quarter, said Wang Jin , an analyst from Guotai Junan Securities in Shanghai .

 

China's annual inflation rose to the highest level in eight months at 3.2 % in October , data on a show on Saturday , the emergency switch on the market of tightening monetary policy in line factory production and investment data show signs of stability in the economy .

 

People 's Bank of China did not menyuplai liquidity to financial markets during regular open market sidelines on Thursday , triggering an emergency they will start a new putarab Bk fore tightening in recent months , traders said .

 

" We believe that the tightening of monetary policy has been in effect , and the amount of new loans in the banks and the overall social financing will decline in the fourth quarter from their peak levels in the third quarter , " said Zang Zhiwei , economist from Nomura in his note to clients

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Most Action Release Position Stop Nikkei Rally

Wednesday, November 13, 2013

 

The headline Nikkei index - the Japanese seem to stop the surge in its trade in Wednesday ( 13/11 ) after a two-day streak rallied , so that today the Nikkei range in the negative area accompanied by a selloff in the position of a number of investors .

 

The sell some market participants are affected primarily by negative Wall Street ended last night and the consequent release of weak Japan economic data this morning . Data machinery orders m / m recorded plummeted drastically to ( -2.1 % ) in the month of September from the previous month at the level of +5.4 % .

 

Rebound after yesterday's session up 2.2 % , the Nikkei ( N225 ) today with lower negative range ( -0.09 % ) or in the range 14575.00 -13.68 points . While the Nikkei index edged - fut observed +5 points or +0.07 % at 14545 area .

 

However , the yen is still traded weak in the range of 99 per dollar , still give a boost to some domestic exporters . Sony shares listed excels led gains more than 3 % , while the shares of Suzuki Motor and Mazda Motor of each rose 1 percent .

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Japan's Economic Growth Slows In Q3

Thursday, November 14, 2013

 

Japan 's economy grew by 0.5 % in the third quarter , slowing from the 0.9% expansion in the second quarter , amid weak export sector and the concomitant decline in consumer spending , according to data on Thursday . On an annual basis , Japan 's economy grew 1.9 % , above expectations for growth of 1.7 % .

 

Japan has poured money in the economy this year and launched an aggressive monetary stimulus to end deflation and revive growth prospects for the country the world 's third largest economy .

 

Martin Lakos , division director at Macquarie Private Wealth , said that although the third quarter data down from the previous quarter , but the data is to break the expectations of analysts . " Japanese GDP data was released , although thin but have beaten expectations . Perhaps the aggressive steps of Abe and the Bank of Japan began to show positive results , " he said .

 

Takuji Okubo , chief Japan economist at Macro Advisors said that the slow rate of growth in the global economy will likely continue to have an impact on Japan in the next few quarters . "The International Monetary Fund ( IMF ) has downgraded global growth rate during the first half of the year . Makes it difficult even for Japan to raise the volume of exports , although with a weaker yen , " he said .

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Central Bank Policy Making Loose Yen Less Interest

Friday, November 15, 2013

 

The yen weakened further into the growing area of ​​100 per dollar as gains in stock markets and expectations of continued global economic stimulus to cut the level of demand for safe-haven assets . Yesterday yen to break above the 100 level for the first time in 2 months and headed munggian decline against all major currencies ahead of the Bank of Japan policy meeting next week and the following data showing third -quarter growth rate slowed . The dollar headed for its first weekly weakening against the euro this month after Janet Yellen , Federal Reserve governor candidate , said the policy of quantitative easing will be withdrawn in the near future .

 

" Yellen has been tapering in detail the impression that QE will be much longer , " said Etsuko Yamashita , chief economist at Sumitomo Mitsui Banking Corp. in New York . The yen weakened due to " risk appetite driven by pandangna that QE will last much longer . "

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

Home prices in China Continues to Increase

Monday, November 18, 2013

 

Home prices in 70 cities in China continued rise in October as demand for housing is still tough. The mean annual house price rose 8.78%, higher than the 8.19% increase in August and September increased 7.48%. This is a house price rise for nine consecutive months and occurred in 69 of the 70 cities surveyed. The biggest price spike occurred in major cities such as Beijing, Shanghai, Shenzhen, and Guangzhou.

 

Consumers seem less affected by the Chinese government's strict policy on the housing sector in the last 4 years. Beijing, Shanghai, and Shenzen even add supplies home and raise the down payment for second-home purchases to prevent increases in property prices further. In a meeting of the Communist Party of China last week, the central government has reiterated its commitment to accelerate the land reform policy and property tax to curb further price hikes.

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

China Consumer Confidence Rises

Tuesday, November 19, 2013

 

Chinese consumer confidence continue to improve in the third quarter following a consumer in a small town is more optimistic with their financial situation and are willing to spend more .

 

According to Nielsen , a provider of information on global consumer , the consumer confidence index of 110 in the third quarter , unchanged from the second quarter , and higher than the third quarter of 2012 sevesar 106 . Kepercyaan consumer level above 100 indicates optimism , and below 100 indicates pessimism .

 

Nielsen also melaporkanpersepsi Chinese consumers towards personal finances and job prospects remain stable , while 43 % of respondents consider that time is a good time for shopping , up from the second quarter by 41 % , and the highest level since the second quarter of 2010 .

 

Of the four cities , 68 % of respondents said they were optimistic about the financial condition , up from 66 % in the second quarter , and 48 % of respondents said the time is right for spending , up from 45% jedua quarter . Consumer confidence index compiled from a survey of 3,500 consumers in urban and rural areas by Nielsen .

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Japan Trade Deficit Widens in October

Wednesday, November 20, 2013

 

Japan's trade deficit unexpectedly widened in October as imports rose sharply , though exports also rose slightly from that in the estimate . Trade gap rose to 1.09 trillion yen ( $ 10.9 billion ) , up from 934 billion yen in the month of September , in the report if the finance ministry on Wednesday . Figures released overshoots predicted a deficit of 810 billion yen , based on a survey of economists by Dow Jones News Wire .

 

Exports were 18.6 % higher than last year , above the median forecast for a rise in the Dow Jones Newswire 17.3 % , while imports surged 26.1 % . Exports to China rose more than 21 % , while the U.S. rose more than 26 % from last year . And for shipment to the EU increased by 27 % .

 

" Although exports soared , we might still have a trade deficit , " said Yoshimasa Maruyama , chief economist at Itochu Corp. . in Tokyo , who said before the report , " Japan's exports will probably get the momentum back in the current quarter , as overseas economies , especially in China and the U.S. mulail recovered .

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

China's manufacturing PMI index 50.4 Being Dropped in November

Thursday, November 21, 2013

 

China's manufacturing index fell for the first time in four months , limiting the recovery in the country 's second-largest economy in the world as the leaders began to implement broad policy reforms since the 1990s .

 

Initial reading in November for the purchasing managers index stood at 50.4 by HSBC Holdings Plc and Markit Economics compared with 50.8 median estimate of analysts in a Bloomberg News survey . The final report for the month of October was 50.9 , a level above 50 indicates expansion .

 

Strengthening of the manufacturing slowdown will add challenge to Prime Minister Li Keqiang in implementing reform package that included among easing controls on interest rates and give farmers the right to own land more . Easing expansion may be intensified after last month slowing credit growth showed Li is trying to limit the financial risks as skyrocketing housing prices .

 

Final reading of the manufacturing PMI index by HSBC and Markit will release on December 2. National Bureau of Statistics will release PMI manufacturing index government version , with a larger sample size on 1 December .

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

BoJ Not Change Monetary Policy

Thursday, November 21, 2013

 

Bank of Japan did not change its monetary policy back to nine consecutive meetings since the central bank launched a large -scale stimulus in early 2014 . BoJ kept monetary base increased commitment of ¥ 60 to ¥ 70 trillion per year . It fit predictions and unchanged from the previous meeting on 31 October. Monetary base is the BoJ policy instruments applied since the beginning of April.

 

BoJ saw continuing economic recovery in Japan, although moderate and less fear of deflation . This decision was taken despite the Japanese GDP preliminary data for the third quarter of 2013 showed the fragility of the recovery momentum . Economic slowdown in many developing countries were also undermined Japan's export outlook . BoJ saw slowing growth in Japanese GDP in the third quarter is temporary and is still optimistic about the economic outlook in the world's largest 3 . The yen remains weak and the Nikkei still keep strengthening post- publication results BoJ monetary policy .

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Ready to Customize BoJ Monetary Policy

Friday, November 22, 2013

 

Governor of the Bank of Japan , Haruhiko Kuroda , confirmed the readiness of the central bank to adjust monetary policy if the economy risks threaten the inflation target . " The economy goes according to the central bank's forecast and the inflation target seems to be achieved in the fiscal year that ended in March 2016 , " Kuroda said in front of the BoJ 's finance committee of Japan's parliament . " Domestic demand remains resilient , while external demand will grow moderately . Cycle increase in production , income , and expenditure taking place in the Japanese economy . "

 

BoJ 's Kuroda rejected the assumption that the aggressive BoJ monetary policy contributed to the weakening of the yen . BoJ 's Kuroda uttered a weaker yen is not abnormal . BoJ 's Kuroda also said there was a " bubble " in Japan's financial markets , including stock exchanges . " The yen has been strengthening excessive in recent years and is now in the process of correction , " said the head of the Japanese monetary policy ototitas .

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

BOJ Kuroda : We Ambitious Reach 2 % Inflation Target

Monday, November 25, 2013

 

Bank of Japan Haruhiko Kuroda on Monday confirmed that she was " very ambitious " to achieve the inflation target of 2 % , as Japan has experienced deflation of about 15 years , but he said that there have been improvements to achieve these targets , the economy began to recover moderate .

 

" We expect the inflation target can be achieved by the end of fiscal year 2014 or fiscal year 2015," Kuroda said in Paris Europlace International Financial Forum in Tokyo .

 

As Kuroda reiterated that the central bank will adjust policy if necessary based on the situation and the growing risk , he stressed that the great easing program that was launched in April has given a positive impact on the economy and in the financial markets .

 

BOJ last week has decided to keep its monetary policy , maintain a bullish assessment on the economy and claim that their goal to lift Japan out of deflation is already on track .

 

While the program has shown some progress in helping push the consumer price index rose 0.7 % in September , some analysts say that more action may be needed in the next year amid gloomy prospects for the sustainability of the increase in the index .

 

Fiscal year 2014 will end on March 2015 , while the 2015 fiscal year starting in April 2015 .