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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Jap.Acc.Pf | LSE:JAP | London | Ordinary Share | GB0033788018 | PTG SHS 0.01P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 102.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 102.50 | GBX |
Japanese Accelerated Perf Fund (JAP) Share Charts1 Year Japanese Accelerated Perf Fund Chart |
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1 Month Japanese Accelerated Perf Fund Chart |
Intraday Japanese Accelerated Perf Fund Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 12/11/2017 | 03:57 | Japan - The West's Blueprint? | 106 |
| 11/4/2013 | 09:04 | The Japan Thread | 934 |
| 03/1/2013 | 05:56 | Japan Property; Cheap enough yet? | 31 |
| 30/3/2011 | 15:21 | Mitsubishi Group - a large number of companies | - |
| 08/2/2009 | 11:03 | Japan-related Investment Trusts & Warrants | 43 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 07/8/2013 09:40 by tpaulbeaumont tpaulbeaumont 26 Jul'13 - 18:12 - 91 of 91 0 0 edit[...]as its [NKY] ploughed through 13925 so it should at least test 475 according to my models rules[...] for USDJPY theres ST support prior to Junes low at 97.5, 96.1 and 95.5, so 0.5%, 2% and 2.5% away curr price... perhaps neccessary if NKYs to test 475 NKY low tick was 490, so 15pts/0.1% out from 475, and simultaneously UJs low tick was 97.57, so 7pips/0.07% out from 97.5 theyve since seen bounces of 1000pts/7.4% and 235pips/2.4% respectively, and both have now since turned lower next UJ demand prior to a test of the similarly cited Jun low lie at 96.85 (here), 96 and 95.1 |
Posted at 26/7/2013 18:12 by tpaulbeaumont ^NKY had some bouncettes from above levels but as its ploughed through 13925 so it should at least test 475 according to my models rules, low ticks been 830 thus far As for USDJPY theres ST support prior to Junes low at 97.5, 96.1 and 95.5, so 0.5%, 2% and 2.5% away curr price... perhaps neccessary if NKYs to test 475 |
Posted at 02/4/2013 02:36 by tpaulbeaumont Incidentally, in thailand the Japs are enjoying a renaissance, theyre all over the place like its the 1990s again, never seen so many filling up their restaurants, massage parlours and bars, of course the vast majority are salarymen expats at jap companies, presumably spending their bonuses, as due to JPYs amazing weakness everyone overseas has done 20%-40% better this year without lifting a finger :)theyve even got themselves a brand new mall, of course it was signed off on a couple years back, just in time |
Posted at 21/3/2013 08:05 by mark knopfler JAP year end in 10 days, so all this puffing up of overvalued junk should end soon. |
Posted at 08/2/2013 09:30 by mark knopfler I have a golden rule that if I dont understand something, I dont trade it.I broke that rule on the JGB, shorting it, and consequently am being pasted. I know the BoJ are defending them like crazy, and if they fall substantialy, many Japanese banks will be in trouble, but can they carry on bucking the inevitable ? Of course the BoJ and Jap banks have a tad more capital than me, but this is crazy, given whats happened to other major sovereign bonds. patience or stop out, whatever comes first. |
Posted at 13/10/2012 15:45 by tpaulbeaumont Elon Musks SpaceX has been to the ISS a couple times now, i think whenever the 'real' bear market that topped in 2000 bottoms out (few more yrs? 5yrs? 10yrs? depends if they continue copying the jap blueprint?) it'll be something space related or biotech related that really pushes things fwd; nanorobotic surgery and using 3D printers to engineer replacement organs is amazing, and thats just what we can do today :) |
Posted at 15/9/2012 09:16 by tpaulbeaumont Fair write up on something ive suggested for a long time, that (not just the yanx but) western gov'mints seem to be copying Japans (clearly flawed) fiscal policies, its bizarro, like imbeciles on forums that copy the investing/trading policies of other (clearly flawed) imbeciles.However, as ZIRP is extended further, i agree junk bonds and income shares will be en vogue still (OEX broke out an age ago), and that going forward housing numbers may move the market more along with the always popular employment figs. its interesting to note he highlights: it won't always be in MBS - the Fed came right out and said that it will also "undertake additional asset purchases and employ other tools as appropriate until such improvement is achieved in the context of price stability". I don't think this latest Fed action does anything more for the economy than the previous rounds did. It's just an added reminder of how screwed up the economy really is and that the U.S. is much closer to resembling Japan of the past two decades than is generally recognized. Maybe in the central bank world of the "counterfactual" these QEs prevent a worse outcome but the most radical easing in monetary policy ever recorded has not stopped this post-bubble-bust American economy from posting its weakest recovery ever whether measured in real, nominal or per capita terms. The economy is saddled with too much debt, a shortage of skills, bloated government, an uncertain tax rate outlook, the costs associated with Obamacare, banking sector re-regulation and a spreading European recession. Home prices may have revived of late, but there are still an amazing 22% of debt-ridden homeowners who are upside-down on their mortgage. Monetary policy is best equipped to deal with the vagaries of the business cycle but is a blunt way to deal with deep structural, fiscal and regulatory hurdles. QE has done squat for the economy and I don't expect that to change. Even the Fed cut its 2012 real GDP growth projection for this year to 1.85% from 2.15% - for a year when typically growth is closer to 4% - and so the bump-up in 2013 to 2.75% from 2.5% has to be viewed in that context (in fact, it would seem as though for all the bluster, the level of real GDP is actually lower now at the end of next year compared to the pre-QE3 forecast... maybe this is what the Treasury market has latched on to). It would seem as though the Fed's macro models have a massive coefficient for the 'wealth effect' factor. The wealth effect may well stimulate economic activity at the bottom of an inventory or a normal business cycle. But this factor is really irrelevant at the trough of a balance sheet/delivering recession. The economy is suffering from a shortage of aggregate demand. Full stop. Perhaps most importantly, in order for the Fed's action to have a lasting impact on the direction of the equity market, it must foster at least some significant belief that the action will lead to self-sustaining economic expansion. The scars of real family median income declining for two years in a row - the Fed's action in a perverse way perpetuates this by forcing essential basic material prices higher - and an unprecedented five-year decline in household net worth are lingering, and exerting far more powerful dampening effect on spending and confidence than the Fed's repeated attempts to generate risk-taking behaviour. To the extent that the Fed is at least temporarily successful in nurturing a risk-on trade for portfolio managers, the reality is that changing the relative prices of assets does not create demand. It just perpetuates the inequality that is building up in the country, and while this is not a headline maker, it is a real long term risk for the health of the country, from a social stability perspective as well. |
Posted at 15/8/2012 09:42 by tpaulbeaumont Defying gravity Aug 14th 2012, 18:45 by R.A. | WASHINGTON "ONE of this week's new NBER working papers is a fascinating look at Japanese government debt, by Takeo Hoshi and Takatoshi Ito. [...] As the authors of the paper note, however, this model is doomed (seemingly) to end. Japanese saving rates are rapidly falling as the population ages. The share of the working-age population in Japan is plummeting, and total saving rates are falling as a result and may eventually turn negative. Correspondingly, Japan's current account surplus is shrinking fast. But Japanese government liabilities are only growing. At some point, the stock of government liabilities will grow larger than the stock of total domestic saving, so that even if everything the Japanese saved was used to buy government bonds, the government would have to rely on foreign lenders to cover some of its borrowing. Foreign investors, it is assumed, will demand better rates of return, particularly given the possible risk of eventual default. Rates will rise, and the jig will be up. The authors estimate when this point might be reached under several different scenarios. Even under optimistic assumptions, the end is only a decade away." |
Posted at 19/3/2011 22:00 by pwmiles Jap yields have now gone up?This is news to go They've been right on the floor since Eighty-nine, or so PWM |
Posted at 24/2/2011 22:04 by cerrito From Today's FTquote Please respect FT.com's ts&cs and copyright policy which allow you to: share links; copy content for personal use; & redistribute limited extracts. Email ftsales.support@ft.c Stop looking in the rear-view mirror at Japan By Peter Tasker Published: February 23 2011 13:53 | Last updated: February 23 2011 13:53 "What most likely happened was pedal misapplication." So concluded an official of the National Highway Traffic Safety Administration, the US body that has just published its report on the spate of accidents involving Toyota cars. This time last year, remember, Toyota had to make an 8m vehicle recall. American politicians were in full cry. The families of accident victims gave emotional testimony at congressional hearings, and Toyota's CEO flew to the US to apologise in person. EDITOR'S CHOICE Lex: Japanese stocks peculiarly attractive - Feb-22 Japan's debt gives investors unlikely opening - Feb-22 Fund to boost shareholder activism in Japan - Feb-07 View of the Day: Outlook improving for Japan stocks - Nov-30 The media was quick to draw harsh parallels between the decline of Toyota and the decline of Japan. Now it turns out that Toyota wasn't declining at all. The problem, according to NHTSA, was that "the driver stepped on the gas rather than the brake or in addition to the brake". Has the global investment community been making a similar error about the decline of Japan? Underweighting Japan to fund an overweight position in emerging markets has been a popular strategy for several years. The last time you were hurt by not owning Japan was in 2005, which is a lifetime ago in the fickle mind of Mr Market. Over the longer haul, Japan's 20-year bear market has extinguished investor confidence and created a number of damaging myths that can be used to justify a pessimistic stance. On closer examination, though, Japan is not as uniquely hopeless as its reputation suggests. The first myth is that Japanese companies have no growth potential. In fact, since the peak of the IT boom in 1999-2000, the Topix index has managed earnings per share growth of 200 per cent much better than most other developed markets and only narrowly beaten by the Shanghai Composite. Japan's nominal gross domestic product has indeed been stagnant, but the profits of listed Japanese companies are increasingly driven by global conditions. Second myth Japan has a huge demographic problem that will ultimately blow up the bond market. The reality is that Japan has already been greying rapidly for the past 20 years, a period in which bond yields, far from rising, have fallen to their lowest levels in recorded history. True, the household savings ratio has plunged, but the savings in the corporate sector have risen dramatically as companies invest less. So the economy as a whole still churns out a savings surplus. There is no reason for this to change. By contrast Europe and China are at a much earlier stage of their demographic crunch, and appear worse-equipped to handle it. In Japan, 20 per cent of people over 65 years old work. In most European countries the proportion is less than 4 per cent. Third myth Japan has appalling corporate governance. There is indeed room for improvement, but the recent surge in management buy-outs and other corporate actions (such as the Nippon Steel-Sumitomo Metal merger) suggests change is in the air though in the usual gradualistic Japanese way. In contrast, investors who have bought the emerging market story have to tolerate murky deals such as the 40 per cent of revenues that China's top maker of the alcoholic spirit moutai reserves for Communist party officials as part of the economic landscape. Last myth the global credit crisis has accelerated the marginalisation of Japan. Yes, in terms of local currency GDP, which is how economic performance is usually discussed, Japan was indeed a big loser. It took an 8 per cent hit to output the largest of any country in the Organisation for Economic Co-ordination and Development of which it has subsequently recovered about half. However, look at the picture in common currency terms and the conclusion is very different. Since the subprime crisis kicked off, the yen has risen 33 per cent against the dollar, 48 per cent against the pound, and 35 per cent against the euro. Compared to other developed countries, as opposed to the emerging world, Japan's global presence has grown, not fallen. The yen is a safe haven, and profits in yen earned by companies and investors are more valuable than ever. Given all this, why have Japan's equity markets been such poor performers for so long? The answer is simple. Japanese stocks were astonishingly overvalued at the peak of its 1980s bubble more overvalued than the US market in 2000 or Shanghai in 2007. The de-bubbling process inflicted huge damage on the corporate sector, from which it was finally recovering when the subprime crisis hit. Today Japan is no longer an expensive market; it is averagely priced or very cheap, depending on which metric you use. Investors should stop looking in the rear-view mirror and make sure to avoid pedal misapplication. Peter Tasker is a Tokyo-based analyst with Arcus Research Copyright The Financial Times Limited 2011. You may share using our article tools. Please don't cut articles from FT.com and redistribute by email or post to the web. |
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