Fidelity Japan Share Discussion Threads

[doctor robert hope] 13/7/2007 06:38

Fairy, true tell him to get a hair cut and get 'is gnashers a sorted!



Nikkei 14500 to 18225 ish plus 25.69% in less than a year, maybe you are an Aussie not a Clog!(;-)0

One only drinketh Porter Nowadays having very Victorian Attitudes (not towards Posh I might add!)

[pomp circumstance] 13/7/2007 06:35

You are a heathen!

One only drinks the Green Fairy in Rue Fromentin in Paris

[doctor robert hope] 13/7/2007 06:28

Probably a sound idea V in?

What's average Nikkei PER now?

[doctor robert hope] 13/7/2007 06:25

LOL, Look at Van Gogh Paintings chop your ear off drink Absinthe?

Dream of Sunflowers?

Sorry NFIAA!

So the Cloggie Euro export trade to Japan to Finance end of Yen Carry Trade is growing then?

[pomp circumstance] 13/7/2007 06:24

Schmoke dope and make love!!

What elshe would you expect to do in Holland!

[doctor robert hope] 13/7/2007 06:20

Pomp, before you talk to me take your clogs off!(;-)0

I think Tulip Bulbs taste horrible I think at least Belgians make horrid beer what do you lot do all day let us be honest?

Should one even dare ask such a foolish question?

[pomp circumstance] 13/7/2007 06:18

ASH go back to bed!

[doctor robert hope] 13/7/2007 06:14

Shut up Pommie you are just jealous you have not even managed a small rise in a long time!(;-)0

Added Short ASX:RMS Obviously!(;-00

[pomp circumstance] 13/7/2007 06:10

just a small rise in Japan!!! Woooooooooooshhhhhhhhhhhhhhhhhhhh!!!

[knowing] 12/7/2007 20:46

Hopefully a big day in japan tomorrow.

[knowing] 10/7/2007 23:56

TOKYO (Thomson Financial) - Tokyo-listed shares may open lower on Wednesday
after a series of profit warnings from US companies weighed on Wall Street and
caused the Dow industrials to lose 148 points on Tuesday.
Home Depot Inc, Sears Holdings Corp and homebuilder DR Horton Inc offered
dreary outlooks that suggested the sluggish US housing market may dampen
consumer spending. The outlooks followed Monday's news that printer manufacturer
Lexmark International Inc slashed its second-quarter earnings forecast.
Higher crude oil price may also weigh on sentiment. Crude oil futures
climbed 62 cents to 72.81 US dollars a barrel on the New York Mercantile
Exchange Tuesday, after briefly passing 73 dollars, their highest point since
late August.
A firmer yen may also hurt the Japanese stock market, particularly
exporters, ahead of the start of the Bank of Japan's two-day policy board
meeting.
The yen was quoted below 122 against the US dollar this morning, over one
yen higher than where it was trading in Tokyo late Tuesday.
"If the BoJ signals an additional rate hike sooner rather than later, this
will give a further impetus to the yen," Tokai Tokyo Securities chief economist
Mitsuru Saito said.
While the BoJ is widely expected to leave its overnight call rate unchanged
at 0.5 percent, investors are keen to know if the decision will be a unanimous
vote or a split vote, which may offer clues on when the next rate increase will
take place.
"If no one opposes governor Toshihiko Fukui who is expected to propose
leaving the interest rate on hold, the market may take it as a sign that there
may be no rate action in August," Tokai Tokyo's Saito said.
In New York, the Dow Jones Industrial Average closed down 148.27 points or
1.09 percent to 13,501.70, while the Nasdaq composite index was off 30.86 points
or 1.16 percent at 2,639.16.
In Chicago, the Nikkei futures contract settled at 18,060 points, down from
18,260 at the Osaka Securities Exchange on Tuesday, suggesting a weak start for
the market
On the Tokyo bourse, the Nikkei 225 Stock Average closed down 9.31 points or
0.05 percent at 18,252.67, while the TOPIX index of all issues listed on the
Tokyo Stock Exchange's first section dipped 3.03 points or 0.17 percent to
1,789.20.
Ahead in Japan, the Ministry of Finance will release 10 minutes before the
opening bell the current account data for May, while the Bank of Japan will
release, at the same time, the corporate goods price index for June.
In the afternoon, Teikoku Databank will report corporate bankruptcies for
June and for the first half of 2007.
Stocks to watch include NEC Electronics Corp on a report that US investment
fund Perry Capital LLC is willing to buy an additional 25 percent stake in the
Japanese semiconductor manufacturer to make it more independent from parent
company, NEC Corp.
Perry Capital offered to buy 30.87 million shares of NEC Electronics for 154
billion yen, or 5,000 yen apiece, a 65 percent premium over NEC Electronics'
average share price over the past three months, according to the Nikkei business
newspaper.
Aeon Co Ltd may be active after the retailer said Tuesday that its fiscal
first-quarter net profit tumbled 38 percent from a year earlier, hit by swelling
costs from a series of business acquisitions and stake purchases.

[knowing] 10/7/2007 22:30

Makes for an interesting read

[gb904150] 10/7/2007 19:29

So, in short I have decided to invest this year's ISA allowance in Fidelity Japanese Values (FJV). I was also very tempted by JPS given the similar discount, the outperformance last time the small caps ticked up and the low annual fee.

I mention the GBP:JPY exchange rate. This is currently testing an almost 15year resistance point as can be seen in the image below.



You will notice that the last time JPY:GBP was around 250:1 was prior to us dropping out the ERM in 1992. I could be completely wrong, but I would expect this multi-year to be a decent resistance level.

i.e. I feel the GBP is overvalued and the JPY undervalued and for those valuations to out over the next few years. At the same time I expect the Japanese economy to continue its recover - particularly small/mid caps which will benefit the most when domestic demand recovers and consumers start spending again.

regards
GB

[gb904150] 10/7/2007 18:54

A few posts back I mentioned I was interested in a Japanese small/medium caps managed fund. My reasoning being: Japan Small caps lag the Nikkei (which is heading steadily upward) Yen undervalued. Deflation looks to be finally heading out (land prices rising, business confidence higher, imported inflation).  BoJ will have to increase rates eventually. low Japanese interest rates.  Rising only cautiously (vs Inflation fighting MPC and FOMC small caps to benefit from increased consumer spending small caps less reliance on export (esp imp if currency revalues) confidence returning after livedoor scandal Y will benefit from repatriation of funds to Japan if/when carry trade ends/slows testing 15 year highs of approx 250:1 Y:£.  Appears decent resistance.  I want diversification from what I consider to be a structurally weak GBP.   NAV SP DISC MCAP FEE 1. FJV - Fidelity Jap value 75 67.5 10% 65M 1% 2. JPS - JPM Jap sml co's 251 227 9.5% 89M 1.25% 3. MJT - Melchior Jap inv trust 71 66.25 6.3% 58M 2.15% 4. IJD - Invesco Jap dis 87 78 10.4% 22M 1.17% FJV – FIDELITY JAPANESE VALUE- high liquidity more volume than others 10% discount to NAV lowest mgmt fee 1% annual closed in on index in bullish runOTHER CONSIDERATIONS Liked JPS but low liquidity. Not sure if a problem. Disliked MJT it's considering hedging JPY currency risk. High charges 2.15% Disliked IJD. Poor performance. Avg charges. Low mcap. Best discount.

[knowing] 09/7/2007 22:22

ANALYST COMMENT: Exporters To Sustain Nikkei Rally Nikkei Interactive 17:46

[cyborg27] 09/7/2007 12:16

I'm sure they will at some point. Most have the herd mentality, the more it takes off - the more they'll pile in - it could be huge! Interest rates need to start rising a little to strengthen the Yen, and make investing in Japan a bit less of a lose/lose scenario. This may hold back the Nikkei 225 a little, but small caps which may be less affected by a stronger Yen could outperform strongly.

[knowing] 09/7/2007 09:56

I am hoping that more and more people will be tarting to pick up Japan small caps as they have been tremendously oversold.

[knowing] 09/7/2007 08:29

Tokyo shares close up on machinery data ; Nikkei hits 7-yr high - UPDATE


TOKYO (Thomson Financial) - Tokyo shares closed higher Monday, with the
benchmark index at its best finishing level in seven years, after Japanese May
machinery orders data sharply exceeded market expectations.
A solid showing on Wall Street Friday also underpinned the gains, while the
soft yen provided further optimism that leading exporters may upgrade their
fiscal full year earnings forecasts when they report first quarter results in
the coming weeks.
Data released before the opening bell showed that the value of core
private-sector machinery orders in May rose a seasonally-adjusted 5.9 percent
from April, well above the market consensus for growth of 2.6 percent.
The blue-chip Nikkei 225 Stock Average closed up 121.04 points or 0.67
percent at 18,261.98, off a high of 18,282.15 and a low of 18,213.59. It was the
index's highest closing level since early May 2000.
The TOPIX index of all issues listed on the Tokyo Stock Exchange's first
section finished up 12.56 points or 0.71 percent at 1,792.23, off a high of
1,794.73 and a low of 1,785.74.
Gainers beat decliners 1,125 to 462, with 140 issues flat.
Volume rose to an estimated 1.7 billion shares from 1.68 billion shares
Friday.
"Wall Street's gains, a softer yen and upbeat machinery orders supported the
market," said Hiroichi Nishi, equity chief at Nikko Cordial Securities.
He said, however, that further upside ahead of the two day central bank
policy meeting starting Wednesday is likely to be muted as investors adopt a
more cautious stance.
"A July rate increase is unlikely so the main attention will be on Bank of
Japan governor(Toshihiko) Fukui's comments after the meeting for any clues he
might provide on the timing of the next rate increase," Nishi said.
The current market expectation is that the central bank will hike its key
rate in August, though given the sharp differential in benchmark rates between
Japan and other industrialized countries, an increase is unlikely to give much
of a lift to the yen, which is being pressured by continued heavy carry trades,
Nishi said.
Oil shares rose as crude prices remained firm. Showa Shell rose 34 yen or
2.3 percent to 1,536, Nippon Oil was up 16 yen or 1.4 percent at 1,151 and Cosmo
Oil gained 9 yen or 1.4 percent to 670.
Among non-ferrous metals producers, Sumitomo Metal Mining was up 105 yen or
3.8 percent at 2,875, Mitsubishi Materials gained 5 yen or 0.7 percent at 704
and Sumitomo Light Metal Industries rose 3 yen or 1.0 percent to 296.
Electronics shares were also in demand. Nikon rose 130 yen or 3.7 percent to
3, 680, Fanuc gained 160 yen or 1.3 percent to 12,860 and Minebea was up 15 yen
or 2.2 percent at 704.

[knowing] 05/7/2007 08:17

Japanese government bond prices close weaker as stocks firm, BoJ meeting


TOKYO (Thomson Financial) - Japanese government bond prices closed lower
Thursday on firmer stock prices, with market sentiment staying weak as European
bond prices remained under pressure, while US markets provided no leads as they
were closed Wednesday for the Independence Day holiday.
"Bond prices were also weighed down by sell orders, possibly from pension
funds," said Kazuya Ito, a fund manager at Daiwa SB Investment.
Investors are likely to await for US Treasuries' reaction to the June
employment report there on Friday for leads.
The Bank of Japan's two-day monetary policy meeting next week will also be
keenly awaited, with the central bank widely expected to leave its key rate
unchanged at 0.50 percent.
The BoJ is largely expected to raise interest rates only in August.
"The market's focus will be on how the board members vote next week. The
market is expected to react calmly if the voting is unanimous. But if there are
any opposing votes (to keep the key rate unchanged), it might be negative for
the market," he said.
The yield on the benchmark 10-year bond closed at 1.920 percent from 1.895
percent at the close Wednesday.
The yield on the lead two-year note had climbed to 1.060 percent from 1.040
percent, while the yield on the five-year note advanced to 1.515 percent from
1.490 percent.
The yield on the 20-year bond was at 2.300 percent, rising from 2.280
percent yesterday, while the yield on the 30-year bond advanced to 2.530 percent
from 2.515 percent.
Bond prices move inversely to yields.
The price of the September futures contract for 10-year bonds slipped to
131.63 yen from 131.90 yen Wednesday.

[cyborg27] 05/7/2007 07:30

Forget the Nikkei 225 - Second section up nearly 1.5%

[knowing] 04/7/2007 21:36

Japan Tankan survey shows robust 2Q business sentiment

Monday, July 02, 2007 5:10:46 AM ET
newratings.com

LONDON, July 2 (newratings.com) – Japanese business sentiment continues to be high, according to data published on Monday in the Bank of Japan's Tankan survey.

The Tankan survey showed that the diffusion index of sentiment among large manufacturers stood at 23 in the second quarter, flat at the first quarter's level. The diffusion index for large non-manufacturers was 22, again sequentially flat. The strong reading of the widely watched index did not have a significant impact on the Tokyo Stock Exchange, with the TOPIX index up merely 0.31%, or 5.48 points, at 1,780.36. The Bank of Japan had surveyed 10,839 enterprises of all sizes in the latest survey.

[coincall] 04/7/2007 20:13

Sounds like my Aunt.

[not manu] 04/7/2007 20:09

I spy a triple bottom!