Share Name Share Symbol Market Type Share ISIN Share Description
Fidelity Japan Trust Plc LSE:FJV London Ordinary Share GB0003328555 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  7.00 3.18% 227.00 219.00 220.00 225.00 219.00 225.00 157,981 16:35:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 2.9 0.7 0.3 782.8 296

Fidelity Japan Share Discussion Threads

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It's the Topix 2nd section you should be comparing to, not Nikkei...
Do they pay someone to manage this fund ? If so they're not worth it !
free stock charts from
can someone do a chart with the Nikkei over this share price?
ISA I posted this on the fund thread I have been buying a few of these as I think the Japan small cap market has been unduly oversold and thought I would paste some info up for discussion Down 46% on the year Down 33% on the year Down 28% on the year Will they continue to fall or is this the time to look at taking a position in Japan ?
Deutsche Bank's Musha Calls Japanese Stocks `A Major Bargain' By Patrick Rial May 23 (Bloomberg) -- Investors should snap up Japanese shares because they are inexpensive by four different measures, according to Ryoji Musha, chief investment officer at the Japanese brokerage unit of Deutsche Bank AG. ``Right now the Japanese market is a major bargain,'' Musha said, speaking at a conference in Tokyo hosted by Deutsche Bank. ``In terms of stock prices, interest rates, the weak yen and the cost of goods, it's cheap.'' Last week, shares in Japan reached the lowest level in six months relative to the price of U.S. stocks, according to a report released yesterday by JPMorgan Securities Japan Co. Long term interest rates have been on a gradual decline for years, even as central banks such as the U.S. Federal Reserve conducted a two-year drive to tighten credit, Musha said, recalling former Fed chairman Alan Greenspan has called the lack of a market response to monetary policy a ``conundrum.'' While the gap between intended monetary policy effects and actual interest rates would normally be a warning sign for investors, this time it isn't, Musha, 57, said. Rates should remain low as companies continue to earn more money than they spend on investments, relieving pressure on borrowing costs, he said. ``Looking at the excessive savings of corporations worldwide, it seems declining interest rates is a logical trend and one that is sustainable,'' Musha said. The yen has weakened 2.2 percent against the dollar so far this year and has fallen to a record low against the euro 17 times in 2007. A weaker yen makes Japanese shares cheaper for foreign investors and increases the value of companies' dollar- denominated sales when converted back into local currency. Costs Under Control Japanese companies are also benefiting from a lack of inflation that is helping to keep input prices down. Japan's core consumer prices, which exclude fresh food, didn't increase on a year-over-year basis during the first three months of this year. The April figure, which will be released on May 25, is expected to show a 0.1 percent drop, according to economists surveyed by Bloomberg. Musha began covering Japanese stocks as an analyst in Daiwa Securities Co.'s research division in Tokyo in 1973. He was a global strategist at Daiwa's New York branch from 1988 to 1993. He joined the Tokyo unit of Deutsche Bank in January 1997 and was ranked the top Japanese equity strategist by Institutional Investor in 2002. To contact the reporter for
While the rest of Asia has continued to storm ahead, Japan (esp smaller cos.) has massively underperformed. However, the Topix Bank index has just had two major upside days, which looks like it might indicate the beginning of a change in sentiment with Japanese investors willing to invest closer to home. Could turn out to be a very attractive time to be long some of these ITs, if it translates into broader interest generally, and especially in the 2nd section companies which have fallen relentlessly.
cyborg certainly not today.
when will this torture end................normally the day after I sell!
I agree entirely with orvil regarding the logic of this investment - but the relentless slide of the smaller companies continues. Have been involved with these for years - when will this torture end!!
I have just filled four ISAS with FJV and JMPF Jap small cos. We have both a 20% long term currency win a discounted NAV spread 4-5% and a broad recovery plus oversold small cos. I think as a 5yr investment opportunity everything is in place. I will invest more as it becomes available. I cannot judge the timing and would not normally invest in May but this year could be different.
must say very dissapointed this past couple of weeks
FJV has a very volatile spread at the moment. A few weeks ago it was trading at a premium to NAV when it was at 82p, then it went to a discount of almost 10% in a matter of days. JRIC is a residential Japanese property fund. There is also PEJR
Jim Rodgers on Bloomie today ( webcam available and worth a listen) is all for Japan and the yen. I'm very tempted to get into some Japan fund but which one is the problem. THis one has so underperformed ( eg it has underperformed SChroder 's Jap fund by 35% since May 06. Someone saying property a good idea Japan? is there a Japan property Fund?
jric is Japan Residentrial
Hi Knowing, I am researching the japanese property plays at the moment and have pejr, jfj, bgfd and fjr on the radar, are there others that I have missed? essentially i am looking really for either residential or commercial property plays? Thanks for your thoughts, in advance
Long way to get to the old highs.
ANALYST COMMENT: Nikkei May Move Toward 20,000 In 2nd Half Nikkei
TOKYO (XFN-ASIA) - The average price of land in Japan rose for the first time in 16 years in 2006, according to an annual government survey, the strongest sign yet that the country is emerging from years of deflation. An annual survey conducted by the Ministry of Land, Infrastructure and Transport showed that the average price of residential property in Japan rose 0.1 pct in 2006, while the average price of commercial land jumped 2.3 pct. It was the first time in 16 years that property prices in more areas in Japan increased although real estate prices in the capital Tokyo began rising in 2005, the first time they did since 1990. The data are based on a survey by the land ministry of assessed land values at 30,000 sites throughout Japan as of Jan 1 this year. The data will be used to compute land taxes for the next financial year to March 2008, which begins next month. The survey also found that both commercial and residential land prices rose in all 23 central wards in Tokyo, which means that property values have already started to recover in key urban markets where prices fell the most following the bursting in the late 1980s and early 1990s of Japan's asset-inflation bubble. The annual poll showed that nine out of 47 prefectures saw a rise in residential property prices in 2006, compared to just one prefecture in 2005 which was Tokyo. Some 11 prefectures also saw prices on commercial properties rise last year, up from four in 2005. In Tokyo, the average price of residential land increased 8.0 pct in 2006, rising for the second consecutive year, while the average price of commercial property increased 13.9 pct, also up for the second straight year. In Osaka, the second-largest prefecture in Japan, the average price of residential properties rose 1.9 pct last year, the first rise in 16 years, while the price of commercial properties there jumped 10.3 pct, the second straight year of increase. The average price of residential land in Aichi, Japan's third-largest prefecture, gained 1.9 pct last year, also the first increase in 16 years, while the average price of commercial land rose for the second consecutive year, by another 7.6 pct. "The upturn in prices which began in the central Tokyo area is now beginning to spread to large cities in the regional areas, and we also started to secure good sites in these areas," said Toshihiko Kazama, executive officer at Mitsubishi Estate, which owns many office and commercial buildings in the central Marunouchi area in Tokyo. "In central Tokyo, rent has already risen to levels not seen in many years," he added. Although land prices have clearly turned the corner, Bank of Japan central governor Toshihiko Fukui said Tuesday he was not worried about the risk of a bubble recurring in the housing market. He said that while increases in land prices in major cities such as Tokyo, Osaka and Nagoya look "somewhat rapid, they have not deviated notably" from the fair value levels based on a discounted cashflow method. "Although it is difficult for us to base our policy on land prices or the foreign exchange market, we will bear in mind these developments and make the appropriate policy judgement," Fukui added. Analysts said the latest land price survey supports the BoJ's position of adjusting interest rates gradually as the economy continues to expand moderately. "The land price survey underscores the fact that Japan is no longer in deflation," NLI Research Institute senior economist Taro Saito said. "With land prices now set to rise steadily going forward, there is no obstacle for the BoJ to continue to hike interest rates. "Having said so, the timing of the next rate increase and the prospect of future rate adjustments largely depend on whether the core consumer price index can start rising in a more stable trend," Saito added. Last month, the central bank increased the minimum lending rate for commercial banks to 0.5 pct from 0.25 pct, confident the move won't derail the ongoing economic recovery. It was the second hike in the current slow credit-tightening cycle launched in July 2006, when the BoJ lifted its key rate for the first time in six years. "The annual land price survey is clearly positive news for the BoJ as it endorses its view that steady but gradual adjustment of interest rates is necessary," said Informa Global Markets (Japan) economist Kenji Arata.
TOKYO (XFN-ASIA) - Share prices are expected to open higher following strong gains on Wall Street overnight after a statement by the US Federal Reserve revived hopes for a possible rate cut there, dealers said. In the statement that accompanied the Fed's decision to leave short-term interest rates unchanged at 5.25 pct, the central bank didn't refer to the possibility of "additional firming" of rates as it did in January. The Fed said "future policy adjustments" will depend on inflation and growth -- more neutral language that the market interpreted as opening the way for a possible rate cut -- although it indicated that it remains vigilant about the threat of inflation. The stable yen is also likely to benefit shares of blue-chip exporters, dealers said. The Dow Jones Industrial Average closed up 159.42 points or 1.30 pct at 12,447.52, while the Nasdaq composite index gained 47.71 points or 1.98 pct at 2,455.92. In Chicago, the Nikkei futures contract settled at 17,475 points compared to 17,140 at the Osaka Securities Exchange Monday, suggesting a firm start for the Tokyo market. On the Tokyo bourse Monday, the Nikkei 225 Stock Average closed up 153.65 points or 0.90 pct at 17,163.20, while the broader TOPIX index added 14.21 points or 0.84 pct at 1,708.29. Financial markets here were closed for a public holiday yesterday. Ahead in Japan, the Ministry of Finance will announce 10 minutes before the opening bell preliminary trade data for February, while the MoF and the Cabinet Office will release their quarterly survey on business sentiment for January-March. The Japan Chain Stores Association will release in the afternoon supermarket store sales for last month, while the Ministry of Land, Infrastructure and Transport will announce results of its annual survey on land prices. Stocks to watch include Mazda Motor Corp following a report that the automaker plans to increase by fiscal 2008 domestic production by about 15 pct from the fiscal 2006 level and introduce a hydrogen-electric hybrid vehicle by that year. Mitsui & Co may be active on a report that the trading house and Brazilian state-owned oil company Petroleo Brasileiro SA plan to jointly produce in Brazil bioethanol for automobiles. Hitachi may be in focus too following a report that the firm has decided to shut down this year a Mexican plant making components for hard disk drives due to falling profitability there.
Nikkei up 125 pts
If the DOW pushes strongly could lead to a big day on the Nikkei monday.
Nikkei up 325 points and back over 17K
H alot of Japanese funds are a screaming buy presently. Look at the likes of Legg Mason if you have a pension fund or SIPP. Lot's of potential upside IMO but the timing is crucial.
Yes look at last May's highs 135p, now 75p? It makes one wonder. - why has this fund almost halved?
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