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LATICONOMICS (Free subscription) | 27/11/2009
Japan's appreciating currency Time for action As the yen soars, the need for intervention grows AFTER taking office in September, Hirohisa Fujii, Japan’s finance minister, widely let it be known that he was happy with a strong yen. But he had not anticipated that the currency would so soon become a bolt hole for panicky investors fleeing turmoil in world financial markets. Fears of a renewed...
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Seeking Alpha (Free subscription) | 27/11/2009
Prieur du Plessis submits: In his ranking of 40 global stock markets, Robin Griffiths, highly regarded analyst of Cazenove Capital, told CNBC “the Nikkei 225 Index remains resolutely in 40 th position as actually the one to avoid relative to the others”. The falling highs and lows of the Nikkei 225 “technically say ‘avoid’”, he said, adding that India, China, and...
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The Guardian (Free subscription) | 27/11/2009
• Export-led Japanese economy being damaged by rise • Japan is 'standing on the edge of a cliff' says Canon Japan's finance minister admitted today that the soaring yen risks damaging the country's export-led economy , sparking speculation that the government is preparing to intervene in the currency markets for the first time in more than five years. Hirohisa Fujii's comments came after...
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Arts Reader (Free subscription) | 27/11/2009
If this email is not displayed correctly, please click on the following link or open your browser and paste the link into the address field: http://view.ed4.net/v/CTBPCC/V3L7M/SXKPYI/HYKEW/ Markets morning briefing Friday November 27 2009 FT.com - Financial Markets News Yen hits fresh 14-year high as investors dump stocks Global Markets Overview: Investors scrambled to buy yen and dump stocks on Friday...
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Financial Times (Free subscription) | 27/11/2009
Hirohisa Fujii, Japan’s finance minister, strengthened his remarks about the weakening dollar after it dropped sharply to a fresh 14-year low, and saying he would contact authorities in the US and Europe if necessary
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The Street (Free subscription) | 27/11/2009
Japan's finance minister said he is considering making contact with the U.S. and Europe about the increasing valuations of the yen.
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Reuters UK (Free subscription) | 27/11/2009
TOKYO (Reuters) - Japan's finance minister raised the prospect of a Group of Seven joint statement on currencies to cool the yen's rally as the dollar tumbled to a 14-year low against the yen on Friday.
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Market Watch (Free subscription) | 27/11/2009
TOKYO (MarketWatch) -- Japanese Finance Minister Hirohisa Fujii reportedly said at a press conference Friday that recent foreign exchange rate moves were one-sided and would not rule out taking steps if they continued. "If this kind of situation is sustained, I think that it would be something abnormal," Fujii said at press conference, according to Dow Jones Newswires, and added, "It...
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Seeking Alpha (Free subscription) | 25/11/2009
While it is common to compare the current US stock market with the Japanese experience in the early 1980’s, there is more to it than a similar market profile. The comparison between the two countries and situations is made in a recent report from Societe Generale titled “ Worst Case Debt Scenario “. Both Japan and the US share: Complete Story »
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Seeking Alpha (Free subscription) | 24/11/2009
A mountain of data out this morning. The data was more or less in line with expectations, but investors are once again more focused on the dollar and the potential liquidity implications. Stocks recovered sharp overseas losses in early morning trade before tanking again, recovering again and tanking as I write. The bi-polar market is still alive and well . GDP was in-line, but does mark the official...
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Seeking Alpha (Free subscription) | 24/11/2009
TraderRob submits: While the phenomenon hasn't received much attention, the Nikkei 225 headline Japanese stock index has diverted course from all other major economic player stock exchanges. The Nikkei turned negative on August 14, 2009 and hasn't been able to resume the congruent pattern that all other major stock market indexes seem to be following. One can notice the sharp downward shift of the...
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Seeking Alpha (Free subscription) | 24/11/2009
In 1990, Japan’s economy was the envy of the developed nations, with a high savings rate, high investment, a balance of payments and a fiscal surplus—but this apparent health masked one of the biggest bubbles in modern economic history. By 2009 and after a debilitating Heisei Malaise, Japan’s economy is but a mere shadow of what it was in 1990. The popular view is that Japan’s...
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Seeking Alpha (Free subscription) | 24/11/2009
Abbi Adest submits: Japan’s economy and ETFs have a new battle to fight: deflation. In fact, for the first time since 2006, the country’s Cabinet Office acknowledged that it was contending with the dreaded D-word. Consumer prices and deflationary pressures have been facing Japan for months, but this summer the pace began to quicken. On Nov. 20, Japan’s Cabinet Office issued a monthly...
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The Telegraph (Free subscription) | 24/11/2009
Japan's finance minister Hirohisa Fujii has urged the Bank of Japan to take on a more aggressive role in staving off deflation.
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Sydney Morning Herald (Free subscription) | 24/11/2009
Japan's finance minister said Tuesday that monetary policy is key to tackling deflation and urged the Bank of Japan (BoJ) to take on a more aggressive role in staving off falling prices.
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