News and Reviews Asian Economic Zone

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Yen Take note of strengthening Nikkei Weekly

Friday, May 23, 2014

 

Japanese stocks , Nikkei , managed to rally two days in a row and recorded the first weekly gain in three weeks supported by a weaker yen , and the positive sentiment from Wall Street .

 

China's manufacturing activity data rising to the highest level in the last five months of positive sentiment for the movement of Asian stock trading yesterday , the Nikkei rallied to make up more than 2 % . Increased manufacturing activity also occurred in the U.S. , bringing Wall Street rose a second straight day in trading yesterday .

 

Strengthening the Wall Street bring positive sentiment for Asian markets today , an increase in the risk appetite of investors make the yen as a safe -haven demand is reduced , and making the yen weakened in early trading . A weaker yen could boost shares of Japanese exporters .

 

Exchange Nikkei closed up 124.38 points, or 0.87 %, to 14462.17 . While the Nikkei futures are currently trading in the range of 14440 to 14 385 daily lows and highs 14535 ( Monex Trader platform ) .

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

China tycoon slams Government Interference in Property Sector

Monday, May 26, 2014

 

Tightening of the property market rules imposed by the Chinese government in the past four years condemnation from some circles . Parties engaged business sector assesses the government wants to ' kill ' the developer or pengambang .

 

One of the Chinese property tycoons , Song Weiping , criticized the government's all-out policy towards industry . He considered that previously served as prime minister has closed the space for small and medium sized developers since 2010 . Amid tightening these regulations , Song was forced to sell most of its stake in the company Greentown China Holdings and directors resign from the presidency because of his business to a standstill. He accused the government are the property sector to intervene so that the free fall in home prices and sales declined .

 

Chinese authorities did tighten the rules about property ownership since four years ago , partly by raising taxes on the ownership of more than one dwelling and set price ceilings to prevent boom . A series of rules are being protested by the developer for a very large effect on their business . Song Weiping even said he was tired of doing business in a country that is not free .

 

Throughout the year, home sales in China quite slow due to the amount of excess supply that developers are forced to cut costs . Larger discounts for home ownership is believed to come into effect in the next few months due to sectoral business climate remained relatively unchanged . As for the hardest hit by the government pengatatan small and medium -scale developers , especially those who borrow large sums of money to do the project . Let alone melaba , to restore the capital only the developer had to fight to death. " And these smaller companies like kids big developers in China," said Song . Song Weiping itself and some shareholders reported selling 24.3 % stake in Green Holdings to Sunac China Holdings worth a total of HK $ 6.3 billion, or the equivalent of $ 813 million for reasons of investment losses .

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

BoJ officials : Possible Monetary Easing Should be Extended

Thursday, May 29, 2014

 

The central bank is likely to exceed the time limit and achieving the inflation target should extend stimulus measures for a few more years , according to one member of the Bank of Japan 's policy board on Thursday . A comment which contrasts with the optimism BoJ governor , Haruhiko Kuroda .

 

Comments Sayuri Shirai duration of a monetary easing program is the most specific of the claims before the policy board members . Giving rise to some skepticism about the outlook Kuroda will achieve the inflation target of 2 % in the spring of next year .

 

" It is likely that the rate of inflation of 2% will be achieved in the fiscal year that ended in March 2017 , " Shirai said in a press conference in Okinawa . Outlook former professor of policy studies at odds with the views of most central bankers , but not far from the expectations of many market participants .

 

BoJ plans to reduce the monetary easing program if the inflation rate has been steady at 2 % . But Shirai assess if the new assessment should be done after the sales tax increase until October 2015 showed a clear impact

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Japan is advisable Give Opportunity for Women to Work

Friday, May 30, 2014

 

Many Asian countries make it impossible for women to work like men . In addition to cultural factors , lack of supportive policies perceived to be inadequate number of women who play in employment . Whereas the involvement of women in the sector of the economy is considered instrumental in supporting the growth of a country .

 

Japan is one country with a very small participation of women in the employment sector . Many analysts and economists assess this impact negatively on economic growth . Even according to Goldman Sachs , the value of Japan's GDP likely to rise about 13 % from its level at this time when the government is able to close the gender gap in the business sector .

 

" Japan has decreased the number of productive citizens and aging populations . If you want to speed up the economy , all parties must allow diversity (gender ) in the workplace , " commentator Goldman Sachs said in a report . The expansion positions in the formal sector for women should be done by the business .

 

Prime Minister Shinzo Abe said in an interview with the Wall Street Journal , has said that employment equity is a necessity for the country . Gender issues should no longer be inhibiting progress , as has happened in recent years . " Womenomic is a must ! That is if we want to really advanced , " he said on the campaign trail last year . Since Abe's reign , the number of female workers had been increased gradually . However, Goldman itself is still assessing gender diversity in employment is still an obstacle to the achievement of the Japanese economy since the composition of the female employee and men still unequal .

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Domestic Vehicle Sales in Japan Fall In May

Monday, June 2, 2014

 

Japan's domestic sales on cars, trucks, and buses fell by 5.6% recently from a year ago in the month of May, in the report by the Japan Automobile Dealers Association on Monday, fell for the second month in a row.

 

These results indicate that consumers continue to move away from luxury shopping since April 1, when the consumption tax be pushed.

 

Total vehicle sales in May amounted to 206,906, the association said.

 

Based on the brand, Toyota Motor Corp.., Selling as many as 83 086 Toyota brand vehicles in May, a decrease of 8.9% from a year ago, with a total enjualan Lexus luxury cars by 2450, fell as much as 27.8%.

 

Sales of Nissan Motor Co.. decreased by 25.5% to 21,243. vehicles, while Honda Motor Co.. registering a sales increase of 64.3% to 30 089 units.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Japan Corporate Capex weaker than expected Q1

Monday, June 2, 2014

 

Capital investment spending by Japanese companies rose by 3.1% during the period from January to March from the previous quarter, according to a survey released on Monday by the finance ministry.

 

This compared with a rise of 4.9% on reports the government estimates that GDP in the initial release on the date May 15. The results of the finance ministry will provide key input for the revision of GDP data, which will be released on June 9.

 

At the annual level, capital investment spending rose by 7.4%.

 

Quarterly survey shows that the current corporate profits rose by 20.2% at an annual rate. The company's sales rose by 5.6%, the ministry said.

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

Investment Bank Raises China Economic Projections

Tuesday, June 3, 2014

 

Financial institutions are beginning to see the rise of China in mid- 2014. Investment bank Nomura raised its forecast for China's economic growth for the country in 2014 from 7.4 % to 7.5 % .

 

The combination of the results of good economic data and easing into the reasons for the central government to revise the growth target Nomura China . Nomura in a release also raised its forecast for China's GDP for the second quarter of prediction of 7.1 % to 7.4 % .

 

Bamboo curtain country 's economic growth is expected to rise in the second half of 2014. Easing monetary and regulations announced by the central government is believed to boost arousal and manufacturing businesses , which have been the backbone of the national economy . Furthermore , Nomura estimates that the government will re- create an accommodative monetary policy in the next few months , the fastest in the third quarter . One component of policies that are likely to be taken are trimming capital adequacy ratio for commercial banks .

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

IMF's Lipton: China Must Seeking Stimulus 'Alternatives'

Thursday, June 5, 2014

 

Anxiety about a slowdown in China may be too much, but the government must seek new ways to shore up the economy, said David Lipton, deputy managing director at the IMF. "They must be aware of the weakness," he said, as the IMF reiterated approximately 7.5% growth target for gross domestic product (GDP) of China this year. "There is no magic number and they should not be urged to lajut growth as quickly as possible, but the most rapid growth rate that can be sustained."

 

The rate of growth in China, which probably will eclipse the U.S. as the world's largest economy, slowed to less than 6% in the first quarter as demand slowed export sector, the IMF is under the target and well below the 10.4% growth achieved in 2010 ago. "The global economy will boost China's GDP in the second half of this year," said Lipton.

 

There are also concerns about a slowdown in the property market, and the threat of bad loans that attack in China's shadow banking sector. "Risks to the biggest decline slowing loan growth and the use of spare capacity in a number of industries, including but not limited to the construction sector," according to analysts at Goldman Sachs. "The level of non-performing loans is very high but the government still has plenty of policy tools to adjust it from time to time."

 

Permrintah China has so far made a "mini-stimulus" to promote infrastructure projects and issue new bonds. "If they bebalik at low interest rates they may be inflating these assets," said Lipton. "We think they need to look for alternative ways to shore up the economy."

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Abe Command Assessment Japan Pension Fund Portfolio Allocation

Friday, June 6th, 2014

 

Japanese Prime Minister Shinzo Abe ordered earlier studies on Japanese pension fund portfolios, according to Health Minister Norihisa Tamura today, amid speculation that the Japanese pension funds have been buying more shares. Tamura will ask the Government Pension Investment Fund worth 128.6 trillion yen (1.3 trillion dollars) to make reforms on investment, he said in Tokyo. Abe urged that changes be announced in September or October, according to the Nikkei newspaper reported today.

 

"We touched initiate the review as soon as possible," said Tamura. "The economic situation is changing. Investment environment is also changed. If we review the portfolio to adjust to that, then we can reduce the risk. "

 

Investors are waiting for Japan's pension fund, which is headed by the GPIF, to switch to the stock as the Bank of Japan are at risk triggering inflation erodes the value of bonds. Topix stock index fell as much as 5.2% this year, adding to pressure on Abe to prove that the policy could lead to a sustained economic recovery. Trust banks, who buy and sell as investors who have retired, the most amount of money flowing toward the local share in 5 years as foreign selling, triggering speculation that the GPIF has been buying shares.

 

"The urge to accelerate these changes good for the market," said Masaru Hamasaki, a senior strategist at Sumitomo Mitsui Asset Management Co. in Tokyo. "Changing the allocation of 3 months after the pension fund out of the review will be a tight schedule, but if the Prime Minister had asked it I think they will be on time."

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Japan Q1 GDP Growing Bigger From Economist Estimates

Monday, June 9th, 2014

 

Japan's economy grew at a faster pace than estimated in the first quarter, as business spending increases larger than that in the previous report.

 

Japan's GDP grew at an annual rate of 6.7% from the three-month period this year, the Cabinet Office said today in Tokyo, it's faster than the initial report at the level of 5.9%. The median estimate of economists in a Bloomberg News survey before showing a decline in the growth revised to 5.6% level.

 

Strong increase in business investment will help the economy rebound from the estimated contraction in the current quarter after sales tax increase in April. A task for Shinzo Abe to ensure the recovery will be sustained with the momentum if necessary for further tax increases.

 

"Estimates for the fiscal and monetary stimulus this year has faded," said Devalier Izumi, a Japanese economist at HSBC Holdings Plc in Hong Kong. "The slowdown in the second quarter was not seen as a disaster, and the question at this point is how quickly the increase will take place after this."

 

Business investment rose by 7.6% from the previous quarter, revised up from a previous initial rise in the level of 4.9%. Consumer spending rose 2.2%, more than the initial estimate for a 2.1% rise.

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

China Trade Surplus Rises

Monday, June 9th, 2014

 

Rising exports helped China recorded a trade surplus highest in the last 5 years. The increase in exports is expected to shield the economy from the threat of a slowdown in China's economy, especially after the decline in imports sinyalkan risks to economic growth in the world's biggest 2. Trade surplus reached $ 35.92 billion for the month of May; higher than the estimate of $ 22.6 billion and $ 18.45 billion in the previous publication. Improved export performance recorded an increase of just 0.9% in April to rise 7%. On the other hand, imports fell 1.6% after rising 0.8% in April.

 

The improvement in export performance can improve Chinese officials confidence that the recovery in demand in the U.S. and Europe to sustain China's economic growth and reduce the need for large-scale stimulus. At the weekend, Prime Minister Li Keqiang said the central government would be more pro-active prop up the local economy stressing the desire for economic growth was reasonable. Last Bloomberg survey showed China's economy is now starting to stabilize, but investors will be presented with a series of Chinese data this week, including inflation and industrial production, which may provide additional clues on the condition of the economy.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Japan Pension Fund Investment Allocation Portion Coming Changes

Wednesday, June 11, 2014

 

Japanese government employee pension fund (GPIF) will soon announce changes in investment allocations in order to provide better returns to retirees. GPIF is the largest pension fund in the world with an investment fund reached $ 1.26 trillion. GPIF investment allocation changes can mean the flow of investment funds tens of billions of dollars to a particular financial asset.

 

"I personally think that the new investment allocation changes can be done in September or October," said Yasuhiro Yonezawa, committee chairman GPIF. Yonezawa express changes in investment allocations can increase the share of investment in domestic stocks, foreign bonds, and foreign stocks, respectively by 5%. This means that the new GPIF investment allocations can be 17% for domestic stocks, 17% in foreign stocks, and 16% for foreign bonds. Yonezawa also said allocation GPIF investment in domestic bonds will drop from 60% to 40%.

 

Meanwhile, the yen while the Nikkei has not changed much in the Asian session after the release of a report on the GPIF. Nikkei up 0.43% and is now traded at 15025 while the yen traded at 102.29 level; daily opening levels near 102.34

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

BoJ Maintain Monetary Policy

Friday, June 13, 2014

 

BoJ again defended the increase in monetary base commitment of ¥ 60 to ¥ 70 trillion per year. This corresponds to predictions and unchanged from the previous meeting on 21 May. BoJ kept its economic assessment as he uttered the Japanese economy recovered moderately. However, the BoJ raised its assessment of the economy abroad. The yen and the Nikkei did not change much after the release of the results of the BoJ meeting.

 

BoJ is more confident attitude with a foreign economy can sinyalkan that exports can be one of the engine of the economy again. Japan's economic recovery has so far been supported by strong domestic demand. With the world economic outlook improves then this may provide hope for increasing the performance of the export so that it can also help recovery after 1 April last tax increase. Investors are now looking forward to the BoJ's Kuroda konverensi press this afternoon to look for further clues about the outlook for the next BoJ monetary policy.

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

Industrial Production and Retail Sales Rise In May China

Friday, June 13, 2014

 

China's industrial output rose by 8.8% in May from a year ago and retail sales rose by 12.5%, in the report by China's National Bureau of Statistics said on its website today.

 

Total fixed asset investment excluding rural households climbed 17.2% in the first five months of this year, the statistics bureau reported by the Beijing-based.

 

Prime Minister Li Keqiang said that he would not introduce aggressive stimulus to support the economy is still at risk of not achieving the target of 7.5% growth for 2014 after a decline in the property and construction markets.

 

Strength in industrial production according to the median estimate in a Bloomberg News survey of 49 economists and compared with a 8.7% rise in April. The results of the retail sales report that compared with the median forecast for an increase of 12.1% and 11.9% increase in the previous month

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

The rate of house price increase in China Slows

Wednesday, June 18, 2014

 

National Bureau of Statistics reported the median home prices in 70 major Chinese cities rose 5.6% in May from the same period the previous year. Lower than the 6.7% rise in April. The figure in May was also the lowest rate of increase this year. Compared to April, the price of homes in May fell 0.2%, becoming the first decline in 19 months.

 

House prices in Beijing rose 7.7% in the month from a year earlier, lower than the 8.9% rise in April, while the nutrients in Shanghai rose 9.6% lower than the previous month sebear rise 11.5%.

 

China's housing market began to slow down since the end of 2013 following the government's efforts to suppress speculative investments. The weakening housing market drags down economic growth in China in the first quarter. Bamboo Tiarai domestic property sector accounts for about 20% that of the gross domestic product.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Japanese Business Sentiment Reinforce Optimism BOJ

Thursday, June 19, 2014

 

The level of trust in Japanese manufacturing principals stable in June while the service sector sentiment rebounded from the previous month, signaling that good for the economy as trying to survive the weak export sector and the level of consumption. Reuters Tankan poll on Thursday, which correlates closely with kuatalan Tankan survey by the Bank of Japan, BOJ officials reaffirms the belief that the country's third largest perekonoian in the world could cope with the impact of a national sales tax increase recently. However, the BOJ may face pressure to add stimulus if weakness in the export sector continues, threatening to hamper recovery dimilai last month following the economic stagnation that lasted for nearly 2 decades.

 

Refers to a speech on Thursday highlighted a number of uncertainties to be faced, the BOJ board member Yoshihisa Morimoto warned of risks to the outlook for exports as demand in developing countries in Asia failed to gain momentum. He said there was "a risk decrease and increase in" the BOJ projections related rebound in the export sector, depending on how the performance overseas. "We have to continue to pay attention to the outlook for developing countries, as well as developments in the European debt problems and the U.S. economy," Morimoto said at a business meeting in Akita, northeastern Japan.

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

China Still Interested In Greek Bonds

Friday, June 20, 2014

 

China signaled willingness to buy Greek government bonds when Athens resumed selling government bonds. At the beginning of a 3 day visit in Greece, Prime Minister Li Keqiang reiterated China will remain a long-term investor to Greek bonds. "We never left the Greek bond market. We continue to increase purchases. I have the desire to express the Greek Prime Minister Samaras. China will remain a long-term investor," said Li.

 

After nearly went bankrupt, Greece can expect Chinese investment helped the Greek economy to recover. On the other hand, the Chinese see Greece as a country that can be a strategic entry point for Chinese products to Europe and Africa. Greece has returned to the bond market after an absence of 4 years due to the debt crisis. Greece has to sell bonds with considerable success in last April and is scheduled to issue bonds in the summer.

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

Hint China Manufacturing PMI recovery in the Economy

Monday, June 23, 2014

 

China's manufacturing sector PMI index rose to a 7-month high in June, indicating the economy is recovering after the government took measures to shore up growth rates. Manufacturing sector PMI from HSBC Holdings Plc and Markit Economics is at 50.8, exceeding analyst estimates of 49.7 and previous results in May at 49.4. A reading above 50, signaling expansion. Data today signaled the government's policy will protect the government's 2014 growth target at around 7.5%, although as the property market slump. Last week Prime Minister Kqeiang Li said China will not experience a hard landing and that the government was making an adjustment for growth carries on without taking a huge stimulus.

 

Other manufacturing sector PMI report from the National Bureau of Statistics and the China Federation of Logistics and Purchasing will be released on July 1. The PMI rose to 50.8 in May, its highest level since December, from 50.4 in April. Data released this month gave the mixed outlook on the economy after Prime Minister Li policies to sustain growth down to below 2014 target of hers in the first quarter. Efforts to shore up growth, including the addition of infrastructure spending, tax cuts, and limiting the financial market interest rates.

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

Apple Starts Production New iPhone Next Month

Tuesday, June 24, 2014

 

Apple Supplier in China will begin producing a new iPhone with a bigger version next month, according to a report from Bloomberg. Apple is currently finalizing the production of the iPhone with a screen size of 4.7 and 5.5 inches, which may be distributed to retailers around September, according to the report. Apple unveiled a new version of the row that moves half of its smartphone business around the fall of each year.

 

Smartphone industry has been speculated that Apple intends to design and sell a device with a larger screen, to rival Samsung's mobile phone with a screen that is much larger and proved popular in Asia and other.

 

Hon Hai Precision Industry will employ more than 100,000 people in China to produce the latest iPhone from Apple, according to a report from Taiwan's Economic Daily News, which became karyawanterbesar recruitment in China. Taiwanese Manufacturing, Pegatron will also increase the number of workers in one factory in China as much as 30%, in response to expectations of high demand for the new iPhone.

[rohmatul]

Apple Starts Production New iPhone Next Month

Tuesday, June 24, 2014

 

Apple Supplier in China will begin producing a new iPhone with a bigger version next month, according to a report from Bloomberg. Apple is currently finalizing the production of the iPhone with a screen size of 4.7 and 5.5 inches, which may be distributed to retailers around September, according to the report. Apple unveiled a new version of the row that moves half of its smartphone business around the fall of each year.

 

Smartphone industry has been speculated that Apple intends to design and sell a device with a larger screen, to rival Samsung's mobile phone with a screen that is much larger and proved popular in Asia and other.

 

Hon Hai Precision Industry will employ more than 100,000 people in China to produce the latest iPhone from Apple, according to a report from Taiwan's Economic Daily News, which became karyawanterbesar recruitment in China. Taiwanese Manufacturing, Pegatron will also increase the number of workers in one factory in China as much as 30%, in response to expectations of high demand for the new iPhone.

So, is this apple will be franchised and become apple made by china??

Its quality will be worsen.

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

China's Central Bank Supports Growth Rate Loans "Decent"

Wednesday, June 25, 2014

 

China's central bank said growth will maintain "decent" at the level of social lending and funding and improve the structure of the loan to print systematic and regional financial risks. People's Bank of China also said that China's regional economy is expected to remain stable. Data released earlier this month showed new bank lending and money supply rose faster than expected in May, reinforcing indications that perkeonomian started coming out of the slow lane, although the recovery still seems to be running slow.

 

M2 money supply rose as much as 13.4% in May from a year earlier, accelerating from an increase of 13.2% in April, while the average amount of social financing, a measure of liquidity in the economy, was at 1.4 trillion yuan in May compared with a gazillion 1:55 yuan in the previous month.

 

Lpoaran PBOC on China's regional economic performance shows the need for attention to the potential risks to the financial sector. The central bank blamed a number of industries and companies with low efficiency to "jazz up" funding for small companies, pledged to improve liquidity and risk management.

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

A Chinese company Leave IT Tools Made in USA

Thursday, June 26, 2014

 

Government and industry players to muzzle China's Internet computer network products made ​​in the United States. This step was taken as a form of protection against domestic Chinese original brand.

 

E-commerce companies and Chinese banks revoke the use of hardware and uninstall the software associated with each primary server. 'Demolition' is made only for network products and software made by companies from the United States. From now on, the Chinese company that had been familiar with products made in the land of Uncle Sam must turn its bow with foreign children wear products for safety and efficiency reasons.

 

As is known, most of the company's network and server hardware world dominated by brands such as IBM, Oracle and EMC. In China, three in fact has become an integral part of the corporate IT system. Fanaticism is what makes domestic companies such as Huawei and Inspur difficult to develop. While the largest online trading company, Alibaba, has had his own computer network based on open source software local hardware. Alibaba had even started nationalizing the system since 2008 at the behest of directors. IT Director of Alibaba, Wang Jian, asked his staff to terminate the contracts with foreign suppliers and supply its own needs technology systems. This step is now beginning to be followed by companies and banks from China. In addition to helping the domestic IT industry, the use of the network and its devices supporting the local server is considered more secure and free of foreign spies.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Increase in Consumer Inflation Japan Still Influenced Tax

Friday, June 27, 2014

 

Core inflation at the consumer level Japan slowed slightly in May outside of the impact of the sales tax increase, and is expected to slow in the next month as the fading boost from a weaker yen, the central bank remains under pressure to retain his massive stimulus. Separate data showed the level of public spending continued to fall in May, after pressured by domestic sales tax increase April 1, increasing the number of problems faced by the country the world's third largest economy.

 

The unemployment rate dropped to its lowest level in more than 1 dekakde, while the level of labor demand reached its highest level in two decades, but it takes time for the strengthening of the labor market to raise consumer spending after the tax increase. Core CPI national level, which include oil products but other than fresh food prices, rose as much as 3.4% in the year to May, according to data on Friday, as per market estimates. The data is the fastest pace since April 1982 as a sales tax hike pushed up the price. In April, core consumer inflation rose to an annual rate of 3.2% sebeasr. Beyond the sales tax increase, core consumer inflation is at 1.4%, slightly lower than the 1.5% annual rise sebear the previous month. BOJ estimates that tax increases be to 8% from 5%, which begins on April 1, will add about 1.7% on the Japanese consumer inflation rate in April and 2.0% from May onwards.

[mynameisandhy]

News and Economic Review Zone Asia (South Korea)

 

South Korean sentiment Related Restored Expected Economic Data

Monday, June 30, 2014

 

South Korea optimism among investors is likely to rise this week after the central bank on Monday (30/6) manufacturing data released BSI rose to 78 for the month of July from the previous release in figure 77.

 

And investors will be guided back the market for inflation data, manufacturing PMI and the trade balance and foreign exchange reserves were initially going to release all day Tuesday and Wednesday this week.

 

Positive investor sentiment will also be helped by optimism of investors in the United States (U.S.) at the end of last week after the government released data on consumer sentiment rose quite drasatis in June from the previous month. Consumer sentiment index data calculated by the University of Michigan recorded a rise to a level of 82.5 in June from 81.2 the previous month level.

 

However, investor sentiment will still be covered by geopolitical concerns in the state of Iraq after government forces tried to remove rebel militants from the city of Tikrit on Sunday. And investors also appear to still burdened by a sense of disappointment after last week the government released industrial production data is poor.

 

South Korea's industrial production figures recorded in May dropped to (-2.1%) from the same period a year earlier after the previous month recorded an increase of +2.5%. The slump in the month of May as well break a rise of +0.3% estimated by economists.

 

Beginning the week (30/6), the Kospi - South Korea (KS11) finally closed in positive territory with a rose by 0.69% and recorded a gain of up +13.70 points to 2002.21 area.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Japan Industrial Output Rises, Hint Recovery

Monday, June 30, 2014

 

Japanese factory output rose in May after the company cut production in April to cover the impact of a national sales tax hike, menggarisbahwahi view that the economy will absorb the increase. The increase in output by 0.5% on a monthly basis compared with economists' forecast for a gain of 0.9%, and following a decline of 2.8% in April, according to data from the Ministry of Economy, Trade and Industry on Monday.

 

This data is likely to reinforce the view that the economy will rebound in the summer since the sales tax increase on 1 April and the drop in the level of spending in this quarter. The rebound can be re-erode expectations the Bank of Japan will loosen policy again this year, because it supports the view that the BOJ upbeat on economy is on track to continue the recovery and achieve an inflation target of 2%. The manufacturing sector output estimates will fall as much as 0.7% in June, but grew by 1.5% in July, according to data on Monday. The market reaction is quite limited.

 

"Output was recovered. However still in the adjustment phase considering the decrease in shipments and an increase in inventories," said Takeshi Minami, chief economist at Norinchukin Research Institute in Tokyo. Economy Minister maintains his assessment of the plant output, said output being in a flat trend.