mynameisandhy Posted July 29, 2014 Author Report Share Posted July 29, 2014 News and Economic Review Zone Asia (Japan) The level of Japanese Labor Demand Increases Tuesday, July 29, 2014 Level jobs available in Japan rose to its highest level in 22 years, in a positive signal that the tight labor market will push the wage rate and sustain the level of consumer spending. The ratio of jobs and job seekers rose to 1.10 in June from 1:09 in the previous month, according to the Minister of Labour on Tuesday. The data match the high level in June 1992 Economists expect the ratio remains at 1:09. The number of new jobs on offer rose 1.0% in June from the previous month and rose as much as 8.1% from a year ago. However, the unemployment rate, which was released by the Ministry of Affairs and Communications, rose to 3.7% from 3.5% in the previous month and exceeded economists' estimates of 3.5%. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 31, 2014 Author Report Share Posted July 31, 2014 News and Economic Review Zone Asia (Japan) Seven Months, Vehicle Export from Japan Always Down Thursday, July 31, 2014 Japan's export performance was disappointing until the end of the first half of 2014, the automotive sector has been the mainstay of postal revenue despite weakened economic conditions abroad is getting better. According to a government report today, the export of cars, buses and trucks made in Japan fell 4.0% in June compared to the same period in 2013, the automotive export decline in June is a reduction in the 7th in a row. According to the Japan Automobile Manufacturers Association said in a report some time ago, the volume of vehicle exports amounted to 390.915 units, down from a record in June 2013, which reached 407.317 units. As per the report that was released last week, Japan back in deficit in the trade sector in June. According to data released today (24/07) monthly deficit hit record highs in the past two years as the decline in exports and a surge in imports of goods. What happened to the sale of automotive products abroad reinforces the assumption that the Tokyo government is facing a serious problem. Japan's trade deficit reached 822.2 billion yen, or $ 8.1 billion in June, far above the estimated deficit Wall Street Journal survey results and the Nikkei that appears in figure 684.7 billion yen. Deficit gap created by the volume of exports fell 2.0% compared to the same month last year. While the number of imports rose by 8.4%, while ensuring Japan had a deficit in history with the longest total period of up to 24 months. As one of the largest automotive manufacturers Worldwide, Japan has failed to penetrate the overseas markets during the first half of this year. Vehicle exports to the United States fell 6.8% in May compared to the same period in 2013, even on a monthly basis, exports of cars dropped to 18% even though the volume of demand in Uncle Sam is good-good. Reflecting on this fact, some companies have started serious work on the domestic market should jor-rod rather than promote their goods abroad. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 1, 2014 Author Report Share Posted August 1, 2014 News and Economic Review Zone Asia (Japan) BOJ Governor for Economic Claims Being on the Right Path Friday, August 1, 2014 Friction between the members of the board of the Bank of Japan more pointed in recent weeks. Although some colleagues dubious trend of domestic economic growth, Governor Haruhiko Kuroda adamant monetary strategy runs smoothly. Today the governor of the Bank of Japan, Haruhiko Kuroda, has again expressed his confidence in the outlook for the Japanese economy and the effectiveness of government policies. His attitude is contrary to the opinion some central bank officials peers, which it claims to export performance and consumption levels do not get better. In its official statement, Kuroda did admit that the sale of some types of products will decline as affected by the sales tax increase in April. But he also believes that the effect of the tax increase will not be seen again in the summer thanks to the expansion of employment and wage increases. So in the end inflation will move according to the expected rate and the purchasing power of consumers to recover. "The cycle between production, income and expenditure has been calculated earlier residents," said Kuroda told the media crew. He also promised that the central bank is always ready to release a new policy if economic conditions worsen. Kuroda optimism at odds with the attitude shown by his colleagues, Takahide Kiuchi, who believe that the Japanese economy is under threat. Kiuchi yesterday warned businesses to continue to observe what is happening in China and oversees the performance of Japanese exports. He was not sure if the inflation target set by the government could be achieved as planned. Japan's export performance was disappointing until the end of the first half of 2014, the automotive sector has been the mainstay of postal revenue despite weakened economic conditions abroad is getting better. According to a government report yesterday, the export of cars, buses and trucks made in Japan fell 4.0% in June compared to the same period in 2013, the automotive export decline in June is a reduction in the 7th in a row. According to the Japan Automobile Manufacturers Association said in a report some time ago, the volume of vehicle exports amounted to 390.915 units, down from a record in June 2013, which reached 407.317 units. While the monthly deficit has reached record highs in the past two years as the decline in exports and a surge in imports of goods. Japan's trade deficit reached 822.2 billion yen, or $ 8.1 billion in June, far above the estimated deficit Wall Street Journal survey results and the Nikkei that appears in figure 684.7 billion yen. Deficit gap created by the volume of exports fell 2.0% compared to the same month last year. While the number of imports rose by 8.4%, while ensuring Japan had a deficit in history with the longest total period of up to 24 months. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 4, 2014 Author Report Share Posted August 4, 2014 News and Economic Review Zone Asia (China) China Fight Use of Foreign Antivirus Monday, August 4, 2014 Nationalization program promoted by the Chinese government in various sectors, including the technology industry. One of the newest policy is to prohibit the use of antivirus from the United States and Russia in each of its information systems network. China ejecting from Symantec and Kaspersky antivirus reliable list used in the activity of bureaucracy. Party suppliers have been advised not to supply both the above reasons nationalization software technology products. In return, the government has included five locally made antivirus software to the list of orders that Qihoo 360, Venustech, CAJinchen, Beijing Jiangmin and Rising. Kaspersky party claims not received any notification about the news. "We will talk with the Chinese government to gain clarity. Too premature to comment at this time," said Alejandro Arango, a spokesman for Kaspersky. Parties Beijing is aggressively promoting the products made in the country, particularly in the use of technology in the sector. Leaking security issues various countries of Edward Snowden (NSA contractors) makes China eager to restore the technological resources into the hands of children the country. Government feared secret and important information stolen traffic due to the use of software from abroad, including antivirus. Since Snowden leaking state secrets to the world, some American companies operating in China ketiban sap. Cisco Systems Inc., International Business Machines Corp. (IBM) and Microsoft Corp. (MSFT) lost customer base in China because the government prioritize locally made products. Since last May, the authorities have even banned the use of the Windows 8 operating system in every government activity in the navel and the region. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 6, 2014 Author Report Share Posted August 6, 2014 News and Economic Review Zone Asia (China) China Bans Apple Products in Government Activity Wednesday, August 6, 2014 The Chinese government resumed rigorous selection in the procurement of goods daily operational needs. After stopping use antivirus overseas, Chinese authorities also will no longer order technological devices made by Apple Inc. According to Bloomberg News, the central government and local governments were ordered to no longer use Apple products in their daily activities. This policy aims to anticipate the possibility of data theft and eavesdropping by outsiders. A total of 10 Apple products, including iPad and Macbook laptops, has been excluded from the list of ordering goods by the National Development and Reform Commission and Ministry of Finance. According to China Central Television station in June last, the application features location tracking on the iPhone can be used to reveal the government's confidential data. China fear the White House will steal important information from mobile users. Apple itself has confirmed that the company never allow the American government to access its servers under any circumstances. Nationalization program is being promoted by the Chinese government in various sectors, including the technology industry. One of the latest policies in addition to stopping the use of Apple products is to prohibit the use of antivirus from the United States and Russia in each of its information systems network. China ejecting from Symantec and Kaspersky antivirus reliable list used in bureaucratic activity last weekend. Party suppliers have been advised not to supply both the above reasons nationalization software technology products. In return, the government has included five locally made antivirus software to the list of orders that Qihoo 360, Venustech, CAJinchen, Beijing Jiangmin and Rising. Parties Beijing is aggressively promoting the products made in the country, particularly in the use of technology in the sector. Leaking security issues various countries of Edward Snowden (NSA contractors) makes China eager to restore the technological resources into the hands of children the country. Government feared secret and important information stolen traffic due to the use of software from abroad, including antivirus. Since Snowden leaking state secrets to the world, some American companies operating in China ketiban sap. Cisco Systems Inc., International Business Machines Corp. (IBM) and Microsoft Corp. (MSFT) lost customer base in China because the government prioritize locally made products. Since last May, the authorities have even banned the use of the Windows 8 operating system in every government activity in the navel and the region. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 8, 2014 Author Report Share Posted August 8, 2014 News and Economic Review Zone Asia (Japan) BOJ Cuts Outlook Export, Kuroda But Remain Optimistic Friday, August 8, 2014 The Bank of Japan kept pandagannya that Japan's economy is recovering but it gives a worse outlook on exports and output, according to the recent bad data which erodes the hope that the export sector will improve in time to relieve the impact of the sales tax increase in April. BOJ Governor is still optimistic about the economic outlook, underscoring the promise of a central bank that does not need additional stimulus next week even though the data is expected to show the greatest contraction in economic activity since the global financial crisis. "Japan's economy will likely continue to slowly recover to the impact of the sales tax increase in April slowly began to subside gradually," Kuroda said at a press conference. "Sector exports and output weakened," he said. "But skilus positive economy still continues to exist as conditions and wage labor sector continues to improve." BOJ cut its outlook for exports, which has been the backbone of the economy as tax increases reduce the level of consumption. "Export sector has been showing signs of weakness," said the BOJ, revise assessment last month that said the export sector is moving sideways. Central bank also recognizes the existence of "some weakness" in the industrial output. "The BOJ does not need to change their expectations that inflation will return to grow rapidly due to the high level of domestic demand," said Shuji Tonouchi, senior strategist for fixed income at Mitsubishi UFJ Morgan Stanley Securities. "However, the risks from abroad has increased, and this puts more BOJ in an uncomfortable position." Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 8, 2014 Author Report Share Posted August 8, 2014 News and Economic Review Zone Asia (China) China Achieves Surplus in July Friday, August 8, 2014 The country's exports in July rose 14.5% from a year ago, while the level of imports fell by 1.6%, making China achieve a trade surplus of 47.3 billion dollars in July, according to the General Administration of Customs on Friday. The figure compared with analysts' estimates for a gain of 7.5% at the level of exports, and an increase of 3% in the level of imports and a trade surplus of 27 billion dollars. After being weakened at the beginning of the year, the level of Chinese exports has been showing signs of progress helped by strong global growth as well as domestic policies that support as well as the impact of weakening yuan. The level of imports also fell, menggarisbahwai weak domestic demand, but the data refers to the recent signs of stabilization in the country's second largest economy as the impact of government stimulus policies started to be felt. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 8, 2014 Author Report Share Posted August 8, 2014 News and Economic Review Zone Asia (Japan) BoJ Not Change Monetary Policy Friday, August 8, 2014 BoJ back maintaining a commitment monetary base increase of ¥ 60 to ¥ 70 trillion per year. This is according to predictions and unchanged from the previous meeting on 15 July. Investors are now looking forward konverensi press this afternoon BoJ's Kuroda to seek further instructions on the next BoJ monetary policy outlook. BoJ kept its economic assessment as he uttered the Japanese economy recovered moderately. Although the BoJ lowered oulook Japanese exports but the central bank is optimistic with the condition of people's income and employment in Japan. Although the BoJ express industry output signal indicates weakening but still a moderate upward trend continues. BoJ even said consumption and investment in the housing sector is still tough as he uttered the effect of the increase in sales tax will disappear gradually. Meanwhile, the Nikkei looks to reduce weakening and strengthening of the yen is seen to reduce post-release outcomes BoJ monetary policy. Nikkei futures are now traded 14825; try to stay away from daily lows 14660. USD / JPY traded 101.85; try to stay away from daily strongest level 101.59 Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 11, 2014 Author Report Share Posted August 11, 2014 News and Economic Review Zone Asia (China) The Shanghai index soared, supported by the Financial Sector Monday, August 11, 2014 China's stocks rose, sending the benchmark index to the biggest gain in a week, amid speculation over the sluggish inflation will give policy makers more room to ease monetary policy. Shares in the financial sector led the strengthening of exchanges. Shares of Industrial & Commercial Bank of China Ltd., which is the largest lending institutions in China, rose at least 1.4% in Shanghai and Hong Kong. Shares of Haitong Securities Co., which is the third largest brokerage in China listed on the exchange, surged by 3% for the biggest gain in Hong Kong. Shares of China Vanke Co., rose by 1.8% after a newspaper reported the Beijing-based Shenzen become the latest city property loosen restrictions. Shares of Henderson Land Development Co. jumped by 3.8%. The Shanghai Composite Index rose 1.4% to 2,224.65 at the close of trading hours. The benchmark index has extended gains into a fifth week amid signs stimulus measures to help the government achieve its economic growth target for this year. Consumer prices rose by 2.3% in July, below the target of 3.5% of China's rise for the year 2014. "Inflation slowed down and it should make the government expand its ammunition to support the economy," said Wang Weijun, an analyst at Zheshang Securities Co. "Recent policy for property stocks not in doubt would improve and there are few opportunities for the sector. Upcoming economic data will be good and at least they will not fail to achieve market expectations. " Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 12, 2014 Author Report Share Posted August 12, 2014 News and Economic Review Zone Asia (South Korea) South Korea Stocks Raise Limit Movement Tuesday, August 12, 2014 South Korean financial regulators raise limits daily movement of shares listed on the local stock market in order to encourage the increase in trading activity in the financial sector. Currently, the stock daily movement limit is only 15% above or below the previous day's closing price. Financial Services Commission (FSC) will raise the limit to 30% in stages. Time and the rate of increase in stock price movement limit will be determined later. South Korea has set a limit on the daily movement of stock since 1995 was 6% in order to prevent excessive volatility in the financial markets. Last change occurred in 1998 when the limit was raised from 12% to 15%. This policy is a further attempt by the government to spur economic activity, especially in the financial markets. Last month, South Korean Finance Minister has announced a stimulus package of $ 40 million in order to boost economic growth in Asia's biggest 4. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 13, 2014 Author Report Share Posted August 13, 2014 News and Economic Review Zone Asia (China) China Production Output Only Grows 9% In Last Month Wednesday, August 13, 2014 Industrial output and fixed assets in China's growth unexpectedly slowed last month, the latest signal that the recovery is at risk in the central government attempted to address the decline in the property sector and rising bad loans. Factory production rose by 9% from a year ago, in the report by the National Bureau of Statistics said today in Beijing, compared with a rate of 9.2% in June, the results also were below estimates of analysts surveyed by Bloomberg. Fixed asset investment rose by 17% in the period from January to July and retail sales were below analyst projections at the level of 12.2% in the last month. Earlier in the day, a report showed the broadest measure of the amount of new loans unexpectedly dropped to its lowest level since the global financial krissi. Today's numbers show that Prime Minister Li Keqiang will need to add stimulus to achieve the economic growth target in the range of 7.5% this year. Growth in retail sales compared with the median forecast for a reading of 12.5% increase from analysts surveyed by Bloomberg News. The median estimate for fixed asset investment excluding rural households in the readings show an expansion of 17.4% in the period from January to July, after an increase of 17.3% in the first half. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 14, 2014 Author Report Share Posted August 14, 2014 News and Economic Review Zone Asia (Japan) First in 3 Months, Japan Machinery Orders Rise Thursday, August 14, 2014 For the first time within the last 3 months, the number of bookings machine tool products (machinery orders) of Japan increased. This indicates that business sentiment is gradually recovering in June after the entrepreneurs hit by the government's tax hike in April. Core machinery orders, the data does not include orders from the power company and the purpose of the ship, up 8.8% compared to May 2014 (minus 19.5%). Regardless of the order increase, the figure is still below the estimates of the survey of the Wall Street Journal and Nikkei, which appears on the 16.2% rate increase. Government assess capital expenditure is the main weapon to support the economy. Investment companies are expected to dampen the effects of the decline in consumer purchasing power after the consumption tax hike. The Cabinet Office estimates that machinery orders rose 2.9% between July and September after declining 10.4% in the April-June quarter, as well as marking the first decline in five quarters. The government called sector machinery orders 'a step forward and one step backward'. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 16, 2014 Author Report Share Posted August 16, 2014 News and Economic Review Zone Asia (Hongkong) Hong Kong Crop Growth After the economy shrank in Q2 Friday, August 15, 2014 Hong Kong slashed their economic growth forecasts for this year after an unexpected contraction in the second quarter as China's economic slowdown has reduced the purchase of luxury goods and weighed on local sentiment. Economy in the estimate will begin to expand 2 to 3 percent, the government said in a statement, compared with the prediction that they claimed in February for growth of 3 to 4 percent. GDP fell by 0.1% in the second quarter from the previous three-month period, these results did not reach the median estimate of 10 analysts surveyed by Bloomberg News for a 0.4% growth. Retail sales in Hong Kong has dropped for a fifth straight month until June as China's economy grew only moderately and anti-corruption campaign in the country has reduced tourist spending on luxury goods. Business investment and consumption has dropped, while the unemployment rate rose, in the report by Financial Secretary John Tsang in government blog on August 10. "Particularly weak performance in overload by the decline in tourist spending and a slowdown in domestic demand bersamaa," said Helen Chan, a government economist said in a statement. "Whether from local or external environment are madly increase the risk of a decline." Economy expands 1.8% in the out the second quarter from a year ago, is weaker than the revised 2.6% expansion in the period from January to March and did not reach economists' forecasts for a 2.5% growth rate Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 16, 2014 Author Report Share Posted August 16, 2014 News and Economic Review Zone Asia (Japan) Abe Not Visit Tokyo War Shrine Friday, August 15, 2014 Prime Minister of Japan, Shinzo Abe, do not visit Tokyo war shrine on the anniversary of Japan's defeat in 69 years of World War II. However, Abe gave an offering to the Yasukuni shrine in honor of the Japanese soldiers who died in the war not only in the World War. However, Interior Minister Yoshitaka Shindo visible visited the temple. Abe seems to strive to maintain good relations with neighboring countries, especially ahead of his meeting with Chinese President Xi Jinping. Japanese official visits to the Yasukuni shrine is often heavily criticized, especially from Beijing and Seoul were never colonized by Japan. The temple is a place of ashes disemayamkannya 14 Japanese war criminals in World War II and also the ashes of Japanese military officials from various eras. Abe administration considers a visit to the Yasukuni shrine in honor of the Japanese soldiers who had been killed in various battles both domestically and abroad. However, Beijing and Seoul of the visit was to assess the attitude of the Japanese who are not willing to admit his mistakes in the past which had invaded China and South Korea. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 19, 2014 Author Report Share Posted August 19, 2014 News and Economic Review Zone Asia (China) China Home Price Index Down For 3rd Consecutive Month Tuesday, August 19, 2014 China's home price index fell once again in July posted weaker 3 months in a row with a decrease in the price of the house extends to several Chinese cities including Beijing. Conditions of the Chinese housing market price decline indicates a potentially worsening property market drags overall economic conditions. Yet some analysts consider that the effects of the stimulus that has been disbursed still takes time to boost the property market in China. Average house prices slumped 0.9% in July, the Chinese authorities also predicts decline in home prices will continue in the coming months. But still there are opportunities disbursement of government stimulus so that the decline in home prices appears limited. China's housing market accounts for about 15 percent of China's annual economic output and 40 direct impact on the business sector, which has dragged the overall economic activity. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 20, 2014 Author Report Share Posted August 20, 2014 News and Economic Review Zone Asia (Japan) Japan Export Value Up More Great From The estimated in July Wednesday, August 20, 2014 Value of Japanese exports rose more than expected in July, rebounded from a two-month consecutive decline to support the economy contracted in the last quarter to its deepest since the earthquake in 2011. Shipments abroad rose by 3.9% from a year ago, the Finance Ministry said today in Tokyo. These results are higher than the median estimate for a 3.9% rise in the Bloomberg survey of 28 economists. The value of imports rose by 2.3%, leaving a deficit of 964 billion yen ($ 9.36 billion). The rebound in shipments out of the country may help Prime Minister Shinzo Abe to Rev the sales tax return after the increase to 8% in April. Economy in the estimate will be expanded on an annual basis at the level of 2.9% in the current quarter after contracting 6.8% in the period sebesara April to June, as consumers and businesses reduce their spending after the tax increase. "Exports go up, but still not get the strong momentum," said Takeshi Minami, chief economist at Norinchukin Research Institute Co., in Tokyo. "The value of imports is stronger than expected, largely due to a seasonal increase in the cost of fuel imports, and not on domestic demand, which is still weak." Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 21, 2014 Author Report Share Posted August 21, 2014 News and Economic Review Zone Asia (China) HSBC: China manufacturing index weakened in August Thursday, August 21, 2014 China's manufacturing index fell below analysts' estimates in August, as the credit and the slowing of the decline in the property sector which adds to the level of risk that the country's second largest economy in the world will not achieve the growth target this year. Initial PMI index from HSBC Holdings Plc and Markit Economics was at 50.3, trailing all the predictions of 22 analysts in a Bloomberg survey and below the median estimate in the level of 51.5. The index fell from 51.7 levels were achieved in July and the lowest level in three months. Figures above 50 indicate expansion. This is the first indiktor weaker-than-expected result for the month of August after data last week that showed deterioration in sector credit expansion and slowdown in investment spending and industrial production in July. At the time of the People's Bank of China has sinyalkan that they will maintain a policy stance that "wise", but with any further decline in the current quarter may force them to loosen policy. "The economic fundamentals are still weak," said Larry Hu, head of the Chinese economy at Macquaire Securities Ltd., in Hong Kong, before the data was released today. Hu said that the results reached its highest level in 18 months in July was due to give government support measures have given confidence to investors, and the "least relevant policies lately, has led to the easing of market sentiment." The manufacturing index was also released on this day to fall to its lowest level in three months at 51.3 in August, from 52.8 in July. Final reading of the PMI for August is scheduled to be released on September 1st. Separate manufacturing report from the National Bureau of Statistics and China Federation of Logistics and Purchasing also be released that day. The index has climbed to its highest level in two years at the level of 51.7 in July. Quote Link to comment Share on other sites More sharing options...
busted Posted August 21, 2014 Report Share Posted August 21, 2014 Sorry for the ignorance, what source do you get your excellent news posts from? Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 23, 2014 Author Report Share Posted August 23, 2014 News and Economic Review Zone Asia (China) Local Government in China Lower Rate Mortgage Friday, August 22, 2014 China's economy worsened in recent months. One reason is the decline in credit distribution and sluggishness in the property sector. For matters of sectoral policies, the Chinese central government to give space to local authorities about improving the performance of sectors including residential. Jiangxi provincial government has just providing convenience to prospective new homeowners with lower mortgage rates. Jiangxi is the first region who dare to take the crucial step. According to China's banks NSBO, mitigation credit terms is the key to generate consumer interest to have a home. "It is difficult to expect a loan from a bank (with reasonable interest)," NSBO wrote in his report. Commercial banks have slashed mortgage rates to reignite the passion in the property sector. Bank of China Ltd. cut flowers for the filing of a new mortgage total as much as 13% in the last year in the first half. While the Bank of Communications Co. even down to 34% of the initial interest rate. "The policies have been digested well," added NSBO. Several points can be seen directly, among others, by the terms of credit application easier and provide subsidies to banks that want to lower loan interest rates. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 23, 2014 Author Report Share Posted August 23, 2014 Sorry for the ignorance, what source do you get your excellent news posts from? Bloomberg, reuters, etc Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 26, 2014 Author Report Share Posted August 26, 2014 News and Economic Review Zone Asia (Japan) BOJ estimated that Will Keep Inflation Outlook Tuesday, August 26, 2014 The Bank of Japan is likely to keep inflation outlook despite his bullish as he cut its economic growth forecast for this fiscal year in a report in October, according to the source, indicating that the central bank will not loosen policy again at least until the end of this year. Post a contraction of 6.8% in the second quarter GDP, many private sector analysts lowered its growth forecast for the fiscal year ending in March to around 0.5%, only half of the rate projected expansion rate of 1.0% by the BOJ in July last. The central bank is expected to cut its GDP forecast for this fiscal year when the economy and inflation projections released in half-yearly review on 31 October. But only a little trimming expected and unlikely to affect the bullish projections for inflation that would reach near 2% in the coming fiscal year, according to close sources. "The baseline scenario of moderate economic recovery separately pushed up inflation is still there," said one source who declined to be identified Trimming the GDP projection is probably caused by a sharp contraction in the second quarter GDP, although some many BOJ officials remain optimistic that the growth rate will recover as the impact of a sales tax increase in April began to subside. In a statement to be released on interest rate policy meeting next week, the BOJ is likely to say the economy is recovering moderately with the impact of a tax increase "gradually began to subside," indicating his relief that the level of consumption remains strong even as the people feel the impact of tax increases, according to the source. It will be a little worse than the BOJ's current assessment is that the economy is recovering moderately, although there are a number of barriers caused by the tax increase. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 27, 2014 Author Report Share Posted August 27, 2014 News and Economic Review Zone Asia (Japan) The Government of Japan Start More Vigilant Against Industrial Output Wednesday, August 27, 2014 The Japanese government began to increase awareness of and consideration of industrial output risikko of tax increases last April to provide long-term effects, and gives the signs of the need for additional stimulus. In a monthly report released on Tuesday, the Japanese government maintains overall economic outlook. The report shows the trend of economic recovery remains moderate, and adding the rate of decline in aggregate demand began to decrease after the tax increase. The report also described the industrial output "recently" weakened, following the high demand before tax increase of 5% to 8% in April. The word "recently" is defined as increased government vigilance. However, the Japanese government maintains the same outlook as assessment of industrial output in July. Industrial output in June slumped 3.4% from the previous month, becoming the biggest monthly decline since March 2011, when Japan was hit by an earthquake and tsunami. Output is expected to rise 1.0% in July, the data will be released on Friday this week. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 27, 2014 Author Report Share Posted August 27, 2014 News and Economic Review Zone Asia (Japan) Data Speculation Japan Will Heat BOJ Stimulus Wednesday, August 27, 2014 A series of economic data from Japan will be released on Friday is expected to have an impact on the expectations of whether the Bank of Japan will add stimulus program monternya. These data are expected to show the world's third largest economy is still at a slow pace due to higher sales tax in April last from 5% to 8%. The consumer price index or inflation will be the main focus. Core inflation that excludes food sector is expected to grow by 3.3% in July, or if it removes the impact of the sales tax increase of 1.3%, where the percentage is still far from the target of 2.0% BOJ. In the last week, speaking at the Jackson Hole meeting, BOJ Governor Haruhiko Kuroda said the central bank is committed to accommodating stance to achieve the target of 2.0% and achieve price stability. BOJ launched an aggressive monetary stimulus program in April last year to raise prekonomian stagnant for two decades, but after it still did not give additional stimulus. Other data to be released on Friday is expected to retail sales edged up 0.1%, household spending is expected to fall 3.0%, and the industrial output is expected to rise by 1.0% Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 27, 2014 Author Report Share Posted August 27, 2014 News and Economic Review Zone Asia (Japan) Hamada: Japan May Raise Sales Tax Gradual Wednesday, August 27, 2014 Japan could dampen the impact of the plan to increase the sales tax by raising it gradually instead of raising it as well, according to outside counsel Prime Minister Shinzo Abe on Wednesday. Koichi Hamada, professor of economics at Yale University, also said that Abe should focus on structural reform and corporate tax cut deeper than planned at this time to stimulate the economy and attract investment. Abe raised the sales tax in April to 8% from 5% to reduce the number of Japanese government debt is soaring. The tax increases reduce the level of consumption, pushing the economy into the worst downturn since the second quarter of the earthquake and tsunami of 2011. Prime Minister will be decided at the end of the year whether to continue with the plan to increase the tax to 10% in October 2015. "So far we have seen, the impact of the consumption tax increase is quite large," said Hamada. "So, ideally, we can raise it in stages, such as 1% in October 2015 and 1% thereafter." Plans Abe plans to cut corporate tax, which is currently among the highest in the world at more than 35%, to less than 30% within a few years. Details on the number and the time is right for these cuts is still undecided. "Corporate tax cuts could drastically mempeengaruhi investment attraction towards Japan from overseas as well as domestic," said Hamada. "This will help restoring Japan's economy, which will help expand the tax base." Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 28, 2014 Author Report Share Posted August 28, 2014 News and Economic Review Zone Asia (China) China Loosening Ownership Rules Hospitals Thursday, August 28, 2014 China allows foreign investors to have her own hospital in 7 cities and provinces as further efforts to reform the health sector. City of Beijing, Tianjin, and Shanghai and Jiangsu province, Fujian, Guangdong, and Hainan is a region that will become the prime test for these policies. The growth of private hospitals in China are very rapidly in the last decade as Beijing loosened regulations in the health sector. Health sector outlook is bright with the Chinese population of 1.3 billion and increasing purchasing power. McKinsey consultancy express health sector spending to reach $ 1 trillion by 2020 It certainly can encourage foreign investment and an attraction for Raffles Medical hospital managers from Singapore, IHH Healthcare domiciled in Malaysia, and Chindex US-based International Quote Link to comment Share on other sites More sharing options...
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