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[indalo] 05/1/2003 20:52

Where do you guys watch the Jap market?...cheers

[dondee] 05/1/2003 20:42

Ticking up lately.

[dondee] 05/1/2003 20:42

Ticking up lately.

[deltablues] 27/5/2002 14:48

The time may now have come. Nick Glydon (the chartist in the Sunday Business) reckons the Japanese bear market is over - the Topix and the Second Section index have both cleared resistance points and leading stocks are breaking out on huge volumes. Also the yen is rising, which makes Japanese assets worth more in sterling terms.

However, the Nikkei is struggling to get past 12000 (although it's not a very representative index). Also, analysts have wrongly called the bottom on the Japanese market even more times than they have on the Nasdaq, and that's saying something!

I've just bought some FLMJ in my one of my ISAs, which is on a discount of 13.9%. (BGS is now on 14.8). I didn't consider BGS as I don't like buying trusts which have warrants outstanding (although it's always possible to buy the warrants, if you can handle the extra risk from the gearing). Also, FLMJ is one of the largest investment trusts around, so is more likely to appeal to institutional investors looking to play the Japanese market, hence more scope for reduction in the discount.

I'm not saying that the Japanese economy is out of the woods - it isn't. Domestic demand is almost non-existent and there's still no sign of economic reforms, but exporters and technology companies will benefit from the pick-up in world trade, and any fund manager worth his salt will be heavily overweight in those areas.

This is not a "buy and hold for 10 years and quintuple your money without much effort" situation - more a case of slowly feeding money in and keeping a close eye on it.

Just my opinions, do your own research, etc etc.

[20club] 13/2/2001 11:17

Anybody else think that the Japanese Mkt. is getting cheap?

We are about to test 12,800 Low. If the Nikkei 225 falls
below that, then it will mean a new post-bubble low for
the index. I understand that the Jap. govt. is now looking
for ways to bring new investors into the market to
prevent a sell-off going into the end of the Jap. fiscal
year at 31 March.

BGS may be a way to play a recovery. But perhaps not just
yet. BGS has a 20.6% discount to NAV, the largest for
any Japan-related Investment Trust.

It is a member of the "20% Club"!