HONG KONG— China's main stock benchmark plunged as much as 7 percent Friday as government stabilizing measures failed to reassure panicky investors while other Asian indexes fell ahead of Greece's weekend austerity referendum. Hong Kong's Hang Seng lost 0.1 percent to 26,249.27 while Japan's Nikkei 225 edged up 0.1 percent to 20,546.92.» Read More
Japan's finance minister, Taro Aso, suggested in a budget speech that recent yen levels are still not low enough to help ailing exporters. The Nikkei's Nozomu Kitadai reports.
Tim Condon, Head of Research, Asia, ING Financial Markets says that bear markets like the Nikkei can touch new highs, once a recovery is in place.
Tai Hui, Chief Asia Pacific Strategist, J.P. Morgan Funds says there is plenty of fuel in the Nikkei to create a rally, but Japan's fundamentals are not convincing enough for him to invest in the market.
Shane Oliver, Head of Investment Strategy and Chief Economist, AMP Capital Investors thinks the BOJ will adopt a 2% inflation target and introduce quantitative easing. He says the yen will continue to fall 10-20%, while the Nikkei will outperform this year.
Japan is sitting on a debt time bomb and recent moves to push the central bank to target inflation have made it more likely the bomb will explode in the next 24 months, hedge fund manager Kyle Bass told CNBC.
Daryl Guppy, CEO, Guppytraders.com looks at Nymex versus Brent crude, and finds that there is convergence in the trading behavior, but not in prices.
Nick Ferres, Investment Director, Global Asset Allocation, Eastspring Investments says Japan has huge operation leverage and believes the Nikkei has room to further gain since it's been trading below valuation.
Daryl Guppy, CEO, Guppytraders.com charts the Nikkei 225 while Tony Nash, Managing Director, IHS discusses the outlook for Japanese manufacturers and its investment focus in Southeast Asia.
Alastair Newton, Senior Political Analyst, Nomura says that even if the LDP wins next month, it will still have trouble pushing through any laws to change the BOJ as Abe will not have a majority in the upper-house, and will need a 2/3 majority in the diet.
If your returns in fixed income look a little lean, adding currencies to your portfolio can generate more cash without a lot of risk.
In the last four months, China has forged an aggressive, more nationalistic posture in Asia that may set the tone for the expected decade-long tenure of Xi Jinping, the presumptive new leader of China, analysts and diplomats say. The New York Times reports.
The Obama administration plans to file a broad trade case at the World Trade Organization in Geneva on Monday accusing China of unfairly subsidizing its exports of autos and auto parts, a senior administration official said late Sunday, in a move with clear political implications for the presidential elections less than two months away.
As Apple prepares to unveil the latest iPhone this week, the company’s manufacturing partner in China, Foxconn Technology, is coming under renewed criticism over labor practices after reports that vocational students were being compelled to work at plants making iPhones and their components. The NYT reports.
As evidence has mounted that the economy is slowing, Beijing has kept the world on tenterhooks, delivering none of the big stimulus measures many analysts have predicted.
Twelve large banks and brokers in Japan have been ordered by the country’s financial regulator to review their internal controls for handling sensitive information and report back on the results in a month as a crackdown on insider trading builds. The FT reports.
Japan stocks, which have over the past five years been more expensive than American stocks, are now trading at lower price-to-earnings (PE) ratio than the S&P 500. The country’s economy is also growing faster than the U.S., yet strategists are not suggesting investors snap up Japanese equities.
Just as foreign investor interest in the Japanese stock market has picked up, old fears have reawakened over the level of insider trading ahead of deals. The FT reports.
NY Times reports that Mr. Putin, who grew up in a hardscrabble Soviet housing block, has spent more than a decade in a byzantine world of petitioners and servants. Now, in the year he turns 60, he will face his biggest challenge: coming to grips with a society that has greatly changed under his watch, while he has remained essentially the same.
Japan had a fighting chance in reviving its faltering economy after the March 11 earthquake but its politicians have failed to take hold of that opportunity, an analyst told CNBC on Friday.
Just four months after a vicious earthquake and tsunami devastated its mainland, Japan suddenly is being looked at as an enticing investment opportunity.