mynameisandhy Posted July 1, 2014 Author Report Share Posted July 1, 2014 News and Economic Review Zone Asia (Japan) Exporter Japan Not So Concerned With Yen Tuesday, July 1st, 2014 Large manufacturing companies in Japan have increased the predictive value of the Yen against the U.S. Dollar exchange rate for the fiscal year 2014 from 99.48 into 100.18, based on the results of Tankan survey. It shows Japanese companies began easing concerns about the potential strengthening of the yen. It can sinyalkan that companies will be more willing to invest in a stable level of sales abroad. However, the prediction of the exchange rate is not so different from the exchange rate of USD / JPY now then this means less positive corporate earnings surprises due to exchange rate movements, unless the U.S. dollar strengthened. Companies usually estimate the exchange rate so as to estimate how much income in foreign currency. If the dollar rose above the company's estimate could boost the company's profit above estimates can also have a positive impact on stock prices of Japanese exporters. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 2, 2014 Author Report Share Posted July 2, 2014 News and Economic Review Zone Asia (Hongkong) Hong Kong Maintain the exchange rate Wednesday, July 2, 2014 Hong Kong's central bank intervened in the foreign exchange market for the first time since December 2012 to defend the Hong Kong dollar exchange rate. Hong Kong's monetary authority has bought U.S. dollars as much as $ 2.099 billion in the last 24 hours at HK $ 7.75 in order to prevent the continued strengthening of the currency of Hong Kong. "The demand for Hong Kong dollar has increased lately. Was triggered by the rising commercial transactions, mergers and acquisitions, as well as the distribution of dividends," the central bank said in a statement. Hong Kong has pegged its exchange rate movements since 1983 when negotiating the return of Hong Kong from Britain to China triggered capital outflows. In 2005, Hong Kong's central bank has committed to keep the Hong Kong dollar exchange rate in the range of HK $ 7.75 to HK $ 7.85 against the U.S. dollar. If the exchange rate moves past that range then the central bank will intervene in the foreign exchange market. Hong Kong dollar is not much change in trading Wednesday, traded at HK $ 7.7509; close to the minimum limit of HK $ 7,750 Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 3, 2014 Author Report Share Posted July 3, 2014 News and Economic Review Zone Asia (China) Chinese prime minister,: China Should Keep Economic Momentum Thursday, July 3, 2014 Chinese prime minister, Li Keqiang, on Wednesday (03/07) said that China could still experiencing economic disaster although fundamentally, good economic performance. Economic indicators are already good, but the government still must seek to maintain momentum. Told Reuters, he claimed the central and local governments actually have abundant sources of funding but has not been fully used to improve the economy. "There are funds that have been long-term unemployed and should be used as soon as possible.'s In the interest of economy and improvement of living standards of the citizens," said the number one in the Communist cabinet. Li Keqiang assess interest for investment is now too expensive, so the real sector neglected. Therefore, he asserts that the interest rate should go down, especially for those who have small and medium-sized businesses. Only in that way, China could meet economic growth targets for 2014 and the next few years. As is known, China's manufacturing activity touching one of the highest index number in the month of June. This strengthens the assumption that growth in the second largest economy the world started going well and the government will issue a follow-up policy. Party center has issued a series of programs in recent months to raise the domestic economy, whose growth fell to its lowest level in 18 months in the figure 7.4% (first quarter). In fact since the third quarter of 2012, the growth rate was never that low. China's economic growth target of 7.5% for 2014. While economic analysts and observers believe that the period has been passed by the weight of bamboo curtain. However, the package should remain supportive policies to offset the negative effect of the decline in property prices. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 5, 2014 Author Report Share Posted July 5, 2014 News and Economic Review Zone Asia (Japan) Profit Pension Fund boosted Japan's GPIF Stock Performance Friday, July 4, 2014 Japan's largest public pension fund, the GPIF reported a rise in profit for the third year in a row in March, at 10.2 trillion Japanese Yen or get a return of 8.64% of the total portfolio worth 126.6 trillion yen. The increase in earnings is supported by the strengthening of double-digit stock index and foreign bond holdings. These results helped push the Japanese Prime Minister Shinzo Abe to increase diversification in addition to domestic bonds in order to ensure payment of the pension fund and prepare a rise in consumer price inflation may cause the value of a portfolio of domestic bonds also declined. Recorded so far GPIF domestic bond holdings decreased from 59.60% the previous year to 53.43%. In the month of February last, GPIF announced to invest $ 2.7 billion in infrastructure projects in the next 5 years. As a result of this GPIF profit performance reflects the strengthening of the global stock markets are helped by the economic recovery of the U.S. and Japan. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 7, 2014 Author Report Share Posted July 7, 2014 News and Economic Review Zone Asia (Japan) Will be Maintained During BOJ Stimulus Needed Monday, July 7, 2014 Bank of Japan, Haruhiko Kuroda, reiterated the central bank will maintain its stimulus program as long as necessary in order to achieve the inflation target of 2%. Kuroda also express Japan's economy will grow moderately despite consumer spending will be affected by the sales tax increase in April. "The BoJ will assess all risks to the economy and inflation and monetary policy will run as needed," Kuroda said the BOJ regional branch managers meeting. BoJ does not change its monetary policy from the central bank's monetary stimulus injected mass in April 2013 as the central bank's efforts to achieve the inflation target in 2 years. Kuroda also said Japan's financial system is still stable and stimulus programs have the desired effect to exclude Japan from the brink of deflation. Meanwhile, the yen and the Nikkei has not changed much in the Asian session. USD / JPY is currently trading 102.12; slightly lower than the opening level of 102.06. Nikkei futures traded at 15425; not so far from opening levels 15435 Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 7, 2014 Author Report Share Posted July 7, 2014 News and Economic Review Zone Asia (South Korea) Kospi worry about the Global Economy Monday, July 7, 2014 Kospi down after the deterioration of the situation in Ukraine and the IMF Lagarde negative comments made investors worried about the global economic outlook. Ukrainian military regained control of the city and Slaviansk is certainly undermined any hope of a truce with pro-Russian separatists. Head of the IMF, Christine Lagarde, warned the pace of world economic growth in the second half of 2014 may be weaker than estimates due to weak investment. Investors are also worried about the outlook for South Korean exporters' earnings that won back the strongest new record of 5 years in the early Asian session. Won 1009.30 now traded against the U.S. dollar after touching the strongest level 5 years 1007.90 in early Asia. If the won's strength continues then this could undermine the competitiveness of South Korean exporters in the international market. Kospi futures down 0.74% and is now traded at 260.15 Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 8, 2014 Author Report Share Posted July 8, 2014 News and Economic Review Zone Asia (Japan) Japan Current Account Back to Surplus Tuesday, July 8, 2014 Japan's current account surplus recorded back in May as a shrinking trade deficit. The current account surplus rose to ¥ 522.8 billion; higher than the prediction of ¥ 403.6 billion and ¥ 187.4 billion in the previous publication. Trade deficit fell 16.9% to ¥ 675.9 billion. Meanwhile, Japanese investment income including dividends and interest income reached ¥ 1.48-trillion. The current account is a current account of a country that records all transactions of goods and services. This is a current account surplus for four consecutive months and can sinyalkan Japanese economy is still tough. A series of current-account deficit at the end of last year and early this year has raised concerns about a possible end to the era of the current account surplus. Japan's current account surplus has been recorded in the last 30 years due to strong demand abroad on Japanese products and the amount of Japanese investment abroad. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 9, 2014 Author Report Share Posted July 9, 2014 News and Economic Review Zone Asia (China) China's Producer Price Index Falls To Lowest Level In 2 Years Wednesday, July 9, 2014 China's producer price index fell in June at the slowest pace in more than two years, this adds signs of stabilization in the country with the second largest economy in the world. The producer price index fell 1.1% from a year ago, in the report by the national statistics bureau said today in Beijing, compared with the median estimate of analysts for a decrease of 1%. While the consumer price index rose by 2.3%, below forecasts for a 2.4% rise. The reduced rate of deflation followed a report showing factory manufacturing sector increased at a faster pace last month, which indicates that government efforts including accelerating infrastructure in helping sustain economic growth target in the range of 7.5%. Inflation is still below the government's target level of 3.5% at which it would give Prime Minister Li Keqiang space for additional stimulus if necessary to deal with threats that include a decrease in the property market. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 10, 2014 Author Report Share Posted July 10, 2014 News and Economic Review Zone Asia (China) China to Keep Yuan Intervention Thursday, July 10, 2014 China express will not intervene to stop the yuan because economic growth is still weak and unstable capital flows. "The U.S. continues to ask whether China would intervene against the yuan," said Finance Minister Lou Jiwei of China. "With the current situation, where the economy has not recovered as a whole and not the normal flow of capital, we will continue the policy." Comments are sinyalkan Jiwei of China may be moving more slowly than the U.S. wants to liberalize its currency. In March, China's central bank has widen the yuan's daily trading limit and express intervention policy will end eventually. U.S. Treasury Secretary Jacob J. Lew said let the yuan's exchange rate is determined by the market will be a crucial step to drive the economic growth of China. Vice Premier Wang Yang said that if China moves too fast me-yuan liberalization of capital flows and relinquish control then this can worsen the economic kondsi China. However, Yang also point out if it is too slow to bio-policy process in China. The yuan has weakened 2.3% against the U.S. dollar this year after rising 2.9% in 2013. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 14, 2014 Author Report Share Posted July 14, 2014 News and Economic Review Zone Asia (Japan) Yen Falls To Lowest Level 5 Week Versus Euro Monday, July 14, 2014 The yen fell to its lowest level in five weeks against the euro amid waning anxiety over the growing banking crisis in the euro area, it has damped demand for safe haven currencies. The yen depreciated against all but one of the 16 quote currency as Asian and European stock markets rose. The euro rose for the first time in three days against the dollar before ECB President Mario Draghi gave a speech to members of the EU Parliament. While the rupiah fell to its lowest level in two weeks after the central bank said that the current account deficit probably widened to near record last quarter. The yen fell by 0.4% to 138.30 at 15:50 pm, it was the biggest decline since June 6. The yen slipped by 0.2% to 101.50 per dollar. 18 nation currency bloc rose 0.2% to $ 1.3629. Portugal's Banco Espirito Santo SA appoint new board yesterday after a volatile market last week when their parent company missed several debt payments. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 15, 2014 Author Report Share Posted July 15, 2014 News and Economic Review Zone Asia (China) China's Credit Growth In June Being Above Expectations Tuesday, July 15, 2014 Chinese financial institutions issued 1.08 trillion yuan ($ 174 billion) in new yuan currency loans in June, up from 870.8 billion yuan in the month of May and it was above economists' expectations, data from the central bank show on Tuesday. The median estimate of the Wall Street Journal survey of 20 economists called for a new loan amount of 980 billion yuan in June. Total social payments, which is the broadest measure of credit in the economy, at the level of 1.97 trillion yuan in June, up from 1:40 trillion yuan in May, the data in the show by the People's Bank of China. M2, which is the broadest measure of money supply in China, up by 14.7% at the end of June compared with a year ago, 13.4% higher than the period end of May. Figures M2 June also is above the median estimate in a survey of economists for a gain of 13.5%. China's foreign exchange reserves rose to $ 3.99 trillion at the end of June, up daro $ 3.95 trillion in the previous three-month period, this indicates berlanjuntnya inflows into both economic capital from abroad. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 16, 2014 Author Report Share Posted July 16, 2014 News and Economic Review Zone Asia (China) Home Sales in China Up 33% in June Wednesday, July 16, 2014 Home sales in China rose by 33% in June from the previous month as in kuranginya prices by developers to lure more buyers. Value of homes sold rose to 591.2 billion yuan ($ 95.2 billion) last month from 446.1 billion yuan in May, according to the difference between the data from the National Bureau of Statistics for the first half and the first five months of this year. It was the largest monthly gain this year. The value of sales in the first six months fell 9.2% to 2:56 trillion yuan from a year ago, on show in the data. "We have seen signs that markets are steady," said Johnson Hu, a property analyst at CIMB Securities Research in Hong Kong today. "A series of indicators of the properties are likely to be smaller decline in the second half given the economic and credit conditions are improving." The developers, including China Vanke Co.. and Greentown Holdings Ltd.. has reduced the price of the home since March to increase sales. The central bank in May had asked the largest lending institutions in China to accelerate the provision of mortgages and urged to give priority to those who are first time home buyers. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 17, 2014 Author Report Share Posted July 17, 2014 News and Economic Review Zone Asia (Japan) Abe Seeing Growth Need To Raise Taxes 2% Current Quarter Thursday, July 17, 2014 Economic growth of 2% in the current quarter would be sufficient to allow Prime Minister Shinzo Abe to continue the sales tax increase of up to 10% in the next year, at the show in a Bloomberg News survey. Abe administration has indicated that he will make a decision in December after checking the data for a period of three months to Septemner. The economists in a separate survey projects growth in the current quarter would reach the level of 2.4% at an annual rate. Increasing taxes is important for Japan to combat the burden of public debt at the level of the largest in the world, even if it will hurt low-income households, according to the International Monetary Fund. Abe task adalh instill confidence to companies and consumers to maintain their spending after taxes in Rev 3% in April. "He may not have the opportunity untu postpone tax increases," said Yuichi Kodama, chief economist at Meiji Yasuda Life Insurance Co.. in Tokyo. "The stock market is very likely to fall if the tax increases will be delayed because investors assume Abe does not have the ability to boost the economy through fiscal reform." A total of 13 of 33 economists in the survey said that the 2% expansion in the need for government to Rev the sales tax. This number is also located in the median estimate of economists. Meanwhile the remaining seven showed that the level of less than 2% would be enough, and the other six showed that the labeled 2.5% or more would be needed and four others expect Abe will continue regardless of the outcome of growth. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 17, 2014 Author Report Share Posted July 17, 2014 News and Economic Review Zone Asia (China) Anxiety Caused huatong Top Chinese Construction Sector Thursday, July 17, 2014 Chinese developer, Heyuan Road & Bridge Group, warned investors that the company may not be able to pay the debt of $ 65 million that will be due next week. Huatong will probably fail both interest and principal on bonds maturing on July 23. Huatong also point out that the leadership of the company is assisting the investigation. However, the company did not give any details on the investigation of the Shanghai Clearing House. If Huatong eventually defaulted then this may be the case of a default the first Chinese and confirms investors' concern over China's construction sector. Anxiety about the construction and real estate industry of China in the past few months enough to bloom after falling home prices and a slowdown in government infrastructure spending Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 18, 2014 Author Report Share Posted July 18, 2014 News and Economic Review Zone Asia (China) New Home Prices In China Decline In June Friday, July 18, 2014 New home prices in China fell in record numbers in various cities followed by the government as developers reduce prices to increase sales, sinyalkan restrictions will loosen the rules in more cities. Home prices fell in 55 of 70 cities in China in the last month of May, in saying by the National Bureau of Statistics said in a statement today, it is the lowest level since January 2011, when the government changed the way they compile statistics. House prices in Shanghai and the southern city of Guangzhou fell by 0.6% for each of the months of May, it was the biggest drop since January 2011, in addition to in Shenzen house prices fell only 0.4%. House prices fell by 1.7% in the eastern city of Hangzhou, it was the largest monthly decline among all cities. "The biggest problem today is the Chinese property industry where the supply of houses is too high," said Liu Li-Gang, chief China economist at Australia & New Zealand Banking Group Ltd.. in Hong Kong today. "But the current downturn is not too big. With many of the city limits that will loosen and the economy is stable, the trade of property will gradually stabilized. " Some cities in China have begun to loosen restrictions on property rules to stimulate local markets, while the developers have reduced the price from March to lure buyers. The central bank in May asked the largest lending institutions in China to improve the delivery of mortgages, and urged them to give priority to first home buyers. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 18, 2014 Author Report Share Posted July 18, 2014 News and Economic Review Zone Asia (Japan) Need Energy Supply, Japan Suggested Approaches Russia Friday, July 18, 2014 The high dependence on energy imports Japan made energy security position became less secure. That is why the government is advised to diversify their trading partners to cooperate with the new supplier countries. Mitsui Global Strategic Studies Institute asked the government for more intensive cooperation with Russia. Despite being located in the midst of escalating political conflict between Russia and Ukraine, cooperation with Moscow is needed to strengthen national energy security. "Japan should pursue energy stability at an affordable price. One way is to import from Russia," the analyst said Mitsui Global Strategic Studies Institute, Yukio Horiuchi. Diversification is needed by the government to slash the cost of increasingly expensive natural gas. Since the earthquake damage of nuclear facilities, Japan is relying on liquefied natural gas as a primary energy source. Unfortunately, the price of LNG is largely derived from Australia's relatively expensive, in addition to other commodities such as coal. As for oil resources, Japan is still dependent on imports from the Middle East countries. Russia can be regarded as the country's strategic partners to sell energy at lower prices to new customers. More than that, they also have abundant resources for all three types of energy that is needed Japan LNG, coal and oil. "Russia is the only country near the border are able to meet our energy needs," concludes Horiuchi. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 18, 2014 Author Report Share Posted July 18, 2014 News and Economic Review Zone Asia (China) Chinese premier: Down 7.5% growth in the Acceptable Friday, July 18, 2014 China's economy today is no longer as good as a few years ago. However, the government believes the economic slowdown not to be feared for the welfare of the people is maintained. Xinhua news agency published a few moments ago-Premier Li Keqiang's speech at an economic symposium this week. According to Li, he could accept lower economic growth target of 7.5% in employment as long as it is not reduced and maintained the trend of wage increases. "I think growth under legitimate targets, as long as we are able to create jobs, raise incomes, have the quality and efficiency and can save energy and protect the environment," he said wisely. Attitude Li Keqiang is in line with the expectations of analysts, who predicted the government will not pursue overly ambitious growth targets. Beijing is believed to be more flexible and realistic although on a state visit to the UK in June, Prime Minister Li still optimistic the country's economy could grow 7.5% in 2014. Statement was made traders wary as China's industrial and service sectors begin this year with a performance less than satisfactory. In a symposium Tuesday, Li Keqiang also praised the steps taken by the government to boost the economy because it proved successful, especially in the credit sector. As for the property sector, which is considered to begin to fade, the government is not likely to change its policy again. Li Keqiang will likely be ordered local governments to be more serious about reform and tighten budget business rules and bureaucracy. "China should maintain a safe level of economic growth in the long term," he explained. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 22, 2014 Author Report Share Posted July 22, 2014 News and Economic Review Zone Asia (Japan) Trimming the Japanese government's Economic Growth Projections Tuesday, July 22, 2014 The Japanese government cut its growth forecast for this fiscal year due to the slow decline in the export sector and on the level of demand after sales tax increase in April, but largely in line with the projection projection Bank of Japan. Government advisory panel members do not object to the view that the BOJ's consumer inflation rate will continue to rise under his own quantitative easing program, showed little difference between the government and the BOJ's assessment of the economy. This similarity suggests that the BOJ pandagan probably not going to get pressure from the government to ease monetary policy further as the government shifted its focus to design the next fiscal year's budget. "Members of the private sector agree that consumer inflation could continue to rise as the output gap moves towards positive area," Economy Minister Akira Amari said after a meeting of the Council on Economic and Fiscal Policy (CEFP), high government advisory panel. The government now expects gross domestic product growth will be at 1.2% for the fiscal year 2014/15, compared to 1.4% projected earlier this year. The growth rate is expected to increase rapidly up to 1.4% next year, according to estimates of the Cabinet Office. This estimate is approximately equal to the projection of the Bank of Japan, which last week cut its economic growth forecast for this fiscal year to 1.0%. BOJ predicted rapid growth rate will increase to 1.5% in the coming fiscal year. "I think the biggest factor is the decline in external demand due to the slow recovery of the developing countries and export growth rates were below expectations," said Minister of Finance Minister Taro Aso. "I still expect the export sector will grow as the global economy recovers." The Cabinet Office also estimates the overall consumer inflation rose as much as 1.2% annual rate in the transform and the fiscal year 2014/15 and rose as much as 1.8% in the coming fiscal year. Estimated inflation rate of the consumer beyond the impact of the sales tax increase. Such estimates differ slightly with CPI estimates of the BOJ, which is 1.3% for this fiscal year and 1.9% for fiscal year 2015/16. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 23, 2014 Author Report Share Posted July 23, 2014 News and Economic Review Zone Asia (Japan) BOJ officials: Export Recovery Slower Than Ever Wednesday, July 23, 2014 Deputy Governor of the Bank of Japan, Hiroshi Nakaso, said Japan's export growth is currently running sluggish and slow in historical standards. "Domestic demand is still strong, but recent export flagging" said Nakaso speaking before business leaders in Shizuoka. Nakaso added the slow growth in developing countries, the decline in demand from the U.S. due to the extreme winter that hit at the beginning of the year, and the high demand in the country before the sales tax increase April 1 became serankaian reason for the poor performance of exports. However, although these factors are not taken into account, the rate of export recovery is also much slower than before. Factors that weigh on export performance is expected to disappear gradually, attention is needed in the sector, but without excessive optimism. Nakaso said Japan kept trying to get out of deflation and is on track to achieve the 2% inflation next year. Japan Inflation is currently said to be still around 1.3% in some future time. While the impact of the sales tax increase on the economy is still in the forecast said the BOJ Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 23, 2014 Author Report Share Posted July 23, 2014 News and Economic Review Zone Asia (China) China Need to Add Stimulus To Reach Growth Targets Wednesday, July 23, 2014 China's efforts to stimulate the economy is currently at the level of the second largest in the world, so far not enough to achieve the government's growth target of around 7.5%, according to a survey of analysts. Fourteen of 22 analysts surveyed by Bloomberg this month said that China will need "something" to increase the stimulus to reach the 2014 target of expansion, although growth accelerated to the target in the second quarter. The slump in the property industry may pose the biggest risk to growth in the second half of this year, according to 16 economists. Each additional step there will be a mini stimulus such as accelerating infrastructure investment, tax cuts and the movement that would free up more money for lenders. Prime Minister Li Keqiang, who overcame a slump of 16.4% in new property construction sector in the first half of this year, is trying to achieve the growth target he announced in March without having to use a broad-based stimulus that can aggravate the risk of debt. "Mini-stimulus measures will continue to be launched from now on, wave after wave, so the economy can be stabilized," said Hu Yifan, a chief economist at Haitong International Securities Group Ltd.. in Hong Kong. He said that the government will loosen its monetary policy, which is included in kuranginya bank reserves requirements, while avoiding a decrease in interest rates. China said last week that GDP growth of 7.5% in the second quarter from a year ago, with the expansion of the previous period showed an annual rate of 8.2%. Fixed asset investment accelerated in June for the first time since August. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 24, 2014 Author Report Share Posted July 24, 2014 News and Economic Review Zone Asia (Japan) Bondage Japanese Government Deficit Worry Thursday, July 24, 2014 Japan back in deficit in the trade sector in June last. According to data released today (24/07) monthly deficit hit record highs in the last two years as the decline in exports and a surge in imports of goods. The continued weakening exports taken seriously by the government as a barrier to achieving the government's target. The deficit will only hinder the prime minister Shinzo Abe steps to end the deflation phase that has lasted for one and a half decade. Governments and central banks indeed make every effort to accelerate the pace of trade, one of which is to weaken the Yen exchange rate so that the price of domestic products more competitive in foreign markets. Unfortunately until now, this strategy only minimal impact on export performance. The authorities themselves have held several meetings to discuss the trade infertility but has not announced a new policy formulas. Even as one of the largest automotive manufacturers Worldwide, Japan failed to penetrate foreign markets. Vehicle exports to the U.S. fell 6.8% in May compared to the same period in 2013. Fact on a monthly basis, exports of cars fell by 18% despite the volume of requests in Uncle Sam is good-good. Reflecting on this fact, some companies have started to seriously work on the domestic market should jor-rod rather than promote their goods abroad. Japan's trade deficit reached 822.2 billion yen, or $ 8.1 billion in June. The amount is well above the estimated deficit Wall Street Journal survey results and the Nikkei that appears in figure 684.7 billion yen. Deficit gap created due to the volume of exports fell 2.0% compared to the same month last year. While imports rose by 8.4%, while ensuring Japan had a deficit in history with the longest total period of up to 24 months. Last week, the Asian Development Bank cut its forecast for economic growth in developed countries from 1.5% to 1.9% for the year 2014 due to the slow recovery in the U.S. flows and lower estimates of demand for imports from Southeast Asia from 4.7% to 5.0%. Chaotic political instability in Thailand and simmering political tensions between Vietnam and China have a big impact on the demand outlook from the yellow continent. Japan will be one of the victims of the political dynamics due to its position as a major world exporter nehara. According to a survey of 40 economists by the Japan Center for Economic Research, an economic slowdown in China and America is the biggest risk for Japan, in addition to the potential reduction in energy supply due to the war in the Middle East. To work around this, Prime Minister Abe said to immediately activate another 48 nuclear reactors began to fall. But overall, the Tokyo has not issued new measures to stem the increasingly bloated deficit. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 25, 2014 Author Report Share Posted July 25, 2014 News and Economic Review Zone Asia (Japan) Japanese Core Inflation Slows in June Friday, July 25, 2014 Japan Statistics Bureau reported core inflation in June grew by 3.3% from the previous year. The percentage increase is lower than in May of 3.4%, and according to economists' estimates. The slowdown in inflation is again underscored the problem of inflation faced by the Bank of Japan. BOJ Governor, Haruhiko Kuroda, said inflation will slow in the coming months, before returning to accelerate and to the inflation target of 2%, which excludes the impact of tax increases penjulan. Some economists say the impact of the weakening of the yen against the rise in the inflation rate began to fade, and expect the BOJ will provide additional stimulus if core inflation falls below 1%. The inflation rate is based on the calculation of the BOJ is still 1.3%. Deputy Governor of the Bank of Japan, Hiroshi Nakaso, aeal iini week said Japan kept trying to get out of deflation and is on track to achieve the 2% inflation next year. Japan Inflation is currently said to be still around 1.3% in some future time. While the impact of the sales tax increase on the economy is still in the forecast said the BOJ Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 28, 2014 Author Report Share Posted July 28, 2014 News and Economic Review Zone Asia (China) China's Industrial Profit Up 17.99% in June Monday, July 28, 2014 Income earned by Chinese industrial companies rose as much as 17.9% in June to 588.08 billion yuan (94.98 billion dollars) from a year earlier, sharply higher than the increase of 8.9% in May, according to the National Bureau of Statistics. For the first half of 2013, profit rose as much as 11.4% from the same period last year to 2.86 trillion yuan, according to the statistics bureau. Recent data reinforce market expectations that the country's second largest economy in the world is recovering from the recent deceleration as the government uses planned policy to shore up growth. Economists at J.P. Morgan said most of the progress is due to the comparison with the month of June 2013, while industrial profits rose 6.3%, the increase is quite slow compared to the standardization of China lately. Therefore, "a number of large corporate side business profit for the quarter is calculated at the end of the quarter, which may lead to greater volatility in earnings," However, they added that, "in spite of this, the increase in the income level in the middle of the stability of the economy as well contribute to the growth of industry profits in June. " Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 28, 2014 Author Report Share Posted July 28, 2014 News and Economic Review Zone Asia (South Korea) A series of data South Korea Amid Prospects Will Release Rate Monday, July 28, 2014 Although in the middle of a heated global political escalation, the South Korean market will still be enlivened by the release of a number of important economic data including a full schedule of quarterly financial statements of the company. Throughout this week, Korean ginseng country had been due to release data on the current account in June, BSI manufacturing data, industrial output and inflation data which it will release starting on July 29 s / d August 1. Even Electronincs technology giant Samsung also will release earnings on Thursday has been widely predicted that number will decrease revenue. However, when referring to the last fundamental data, the level of reported consumer spending fell by 0.3% from the previous period, while the biggest drop since the third quarter of 2011. While South Korea's gross domestic product (GDP) grew 0.6% in the second quarter of 2014 from the previous quarter at 0.9% leve, and lower than economists' forecasts of 0.7%. Compared to the previous year, GDP y / y South Korea grew 3.6% from the previous quarter at 3.9% rate. Seeing the declining growth trend, South Korea's central bank lowered its economic growth ultimately for the year 2014 to 3.8% at the monetary policy meeting. In fact, the central bank will review interest rates at current levels and did not rule out it will lower key interest rates to support the expansive growth rate in the country is rich in ginseng. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 29, 2014 Author Report Share Posted July 29, 2014 News and Economic Review Zone Asia (Japan) Japan Retail Sales Fall Back in June Tuesday, July 29, 2014 Japan retail sales levels fell as much as 0.6% in June compared with a year ago, according to the Minister of Industry on Tuesday. This data shows the acceleration of a decline of 0.4% in May, but much improved from a decline of 4.3% in April, when Japan decided to raise the national consumption tax. Among the major retailers, sales fell as much as 1.8% after falling as much as 1.2% in May and 6.7% in April. Yen maintain its exchange rate after the data was released, the USDJPY traded steady at 101.84 yen. On the other hand, stock index Nikkei average fell only a thin, rose as much as 0.1% compared with a gain of 0.2% before the retail sales data was released. Previously, separate data showed the unemployment rate rose in June, while household spending fell less than forecast Quote Link to comment Share on other sites More sharing options...
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