Fidelity Japan Share Discussion Threads

[knowing] 30/7/2007 09:24

Industrial Production up

[pomp circumstance] 30/7/2007 06:58

Japanese governmental situation isnt gonna help us very much here!!

[gb904150] 29/7/2007 18:46

Also - just to mention, I notice FJV bought back 150,000 of its own shares. So the fund manager must also think they're too cheap.

[gb904150] 29/7/2007 18:45

Hectorp

This fund's performance mainly tracks the performance of small/mid caps and so the TOPIX is more representative in termes of Indices.

Yes the Nikkei/Topix fall just as the DOW does, although falls in Japanese indices are cushioned (and often cancelled out) by Yen appreciation as carry traders unwind their positions.

Check out a chart of USD/JPY or GBP/JPY - you will see the markets sell offs (3% ish) coincided with a similar appreciation in the Yen.

[hectorp] 29/7/2007 10:59

Well NIKKEI falls just as DOW falls so where is the good value in holding this Fund yet.
I would need convincing. But its possible.

[knowing] 26/7/2007 15:32

Intra day reversal ?

[knowing] 26/7/2007 13:10

Nice opportunity to add for the longer term.

[knowing] 22/7/2007 23:12

Mr Bahjee go back to the Librador scandal and the sell off. The small end Topix has not receovered and the Yen weakness has pushed people to the exporters.

Time to accumulate IMO

[knowing] 17/7/2007 08:03

New user name for one purpose

[boyrat] 17/7/2007 00:33

Knowing - 19 Jan'06 - 08:45 - 57 of 327


Looking good today.





Warning this geezer is a serial ramper and a fool who keeps buying in at the wrong time, 9 out of 10 stocks he ramps goes bust

He can't even make money with funds now!

[knowing] 16/7/2007 23:38

TOKYO (Thomson Financial) - The average summer bonuses in Japan rose 2.52
percent to 837,036 yen per person this year from a year earlier, according to
the results of a poll published by the Nikkei business daily on Tuesday.
It was the fifth straight year that summer bonuses increased and the latest
was 1.08 percentage points higher than the previous year, driven by large bonus
payouts in the electric machinery and automobile sectors, the newspaper said.
The survey covers 790 companies. Of the 37 major industries, 24 are raising
bonuses this year, while 13 sectors plan to reduce bonuses, according to the
poll.
Among manufacturers, bonuses will rise by 2.95 percent, while those at
nonmanufacturers will increase by 1.33 percent, the first hike in two years, the
survey showed.

[cyborg27] 16/7/2007 07:18

That would be nice - the market was closed for a holiday. I suppose the discount could narrow?!

[knowing] 15/7/2007 22:07

Hopefully break 70p tomorrow.

[knowing] 13/7/2007 18:55

Wednesday, July 11, 2007 5:21:34 AM ET
newratings.com

LONDON, July 11 (newratings.com) - Japan's current account surplus rose by 31.1% in May, according to data published by the Ministry of Finance on Wednesday.

The Ministry of Finance said the May surplus surged to ¥2.13 trillion. The data showed that exports rose 14.6% to ¥6.24 trillion, while imports climbed 16% to ¥5.75 trillion. The trade surplus in goods and services rose 4% to ¥429.8 billion. Japan's trade surplus rose 1% to ¥490 billion.

[thenry2468] 13/7/2007 12:58

ROTFLMAO!!!

[pomp circumstance] 13/7/2007 12:57

V, the day I start worrying about little ash, will be the day I have "tottenham hotspurs are all really nice curley sideburned chaps" on my todger,a nd we aint talking font size 1 here!!!

[thenry2468] 13/7/2007 11:14

Pommy dont worry about DRH everybody knows him as Ashley BEAR STEARNS "SUBPRIME" James.
long FJV.

[tonyr] 13/7/2007 10:22

Shouldn't really have much effect. The holdings are 100% Japan, hence all in Yen, but converted to USD for reporting purposes. If the dollar were to weaken considerably against the Yen, the reported value (in USD) of those Yen quoted assets would correspondingly adjust upwards. i.e. neutral outcome.

That aside, I'm not suggesting AJG is "a good bet", just mentioning it as a possible alternative to FJV to consider. I've got a few of both at the moment, along with Aberdeen New Dawn (ABD) for Asia ex-Japan, and JP Morgan Indian (JII) for India.

[mart] 13/7/2007 09:50

Are you confident that with AJG denominated in $'s its a good bet?

[tonyr] 13/7/2007 09:41

GB904150, Atlantis Japan Growth (AJG) is worth consideration - a highly regarded manager, but consequently it rarely sells at much of a discount.

Trustnet:-


Prelims last week:-


"The year to April 2007 saw lacklustre performance from the Japanese stock
market, despite a relatively good economy and solid growth in corporate
earnings. This was especially true in the case of smaller stocks and stocks
outside of favoured areas such as manufacturing, commodities and export-related
businesses.

Nevertheless, at this time we remain encouraged by continued growth in the
economy and corporate earnings, and by the benign trends on the consumer price
front that have allowed Japan's central bank to limit interest rate hikes. We
also remain confident that consumer spending will pick up momentum going
forward, and will strongly underpin continued growth in the economy in the
months and years ahead.

As long-time investors in Japan well know, consumer spending has been under
pressure since the early 1990s as a result of a prolonged period of deflation.
The extended drop in asset prices not only reduced the store of wealth of
households, through pulling down real estate and stock market prices, it also
led to heightened anxiety on the income front, as corporations were forced to
restructure, putting more into unemployment and capping income gains for those
remaining in work.

Only recently have we started to see the light at the end of the tunnel for the
Japanese consumer. The prolonged downtrend in asset prices finally appears to be
coming to an end, with property prices in major cities now stabilising or moving
higher, and stock market prices well above their lows recorded in 2003.

Households are also starting to see improvements on the income side, as
consecutive years of earnings growth has put corporations in a position to
increase the hiring of full-time employees and increase wages, overtime hours
and bonuses for existing employees. To be sure, these favourable turns have not
yet been enough to bring about a full-fledged recovery in consumer spending.
However, we believe these supportive trends will lead to higher consumer
spending going forward, which will in turn bolster overall growth and confidence
in the economy.

In the stock market, we note that local retail investors currently account for
about 40-50% of daily trading volume. On balance, Japanese retail investors were
net sellers again during the past year, as they have been for many years. Even
so, we are finding signs of a growing interest in equity investments, a
reflection of a slow, but steady recovery in investor confidence following
recent years of sustained growth in corporate earnings and ongoing increases in
stock dividend payouts. In addition to net buying by local investment trusts,
which represent buying by retail investors, we also find domestic institutional
investors such as pension funds showing a greater inclination towards increased
exposure to domestic equities, including smaller stocks.

The Company remains heavily weighted in small and medium-sized stocks,
reflecting our adviser Ed Merner's view that most of the best investment
opportunities are still found in this area of the market. These smaller
companies, some of which are listed on the newer markets or regional stock
exchanges, are seen as offering good value for long-term investors. In many
cases, the holdings in which the Company has invested are insulated from swings
in the overall economy because they operate in fast growing niche businesses
such as generic drugs, temporary worker dispatch services, internet advertising,
software and IT services.

Regardless of trends in individual company fundamentals, however, there are
times when small cap stocks will move sideways or down even as large cap issues
continue to rise, and this is precisely what has happened during the past year.
This short-term setback notwithstanding, we remain confident that most of the
companies in which the Company has invested will continue to grow as expected
and, thus, will turn out to reward long-term investors.

During the past year, while many major world stock markets moved to new highs,
the Japanese market was left behind. With Japanese corporate earnings continuing
to rise during this timeframe, share price valuations in Japan have thus
remained at their lowest levels since the mid- to early-1980s. Based on
prospects for continued growth in the domestic economy and corporate earnings
coupled with near-zero inflation, we believe the stage is set for the Japanese
stock market to begin moving higher once again and, in particular, think the
Company is well positioned to benefit from the recovery."


- there's obviously a good possibility that Japan remains a lagard and money tied up in any of these Japanese focused funds continues to languish.

But, after the falling/sideways movement since the start of 2006 on the Topix 2nd section, a positive change in sentiment could quickly see some sizeable gains: just a return to the end of 2005 levels, never mind a catch-up with emerging Asian markets, would deliver considerable upside from here, especially if combined with reduction in discounts to NAV (or back to a significant premium in the case of AJG).

The sensible thing to do would probably be to wait for some indication that this change in sentiment was underway: less upside, but also reducing the chance of money tied up languishing.

[cyborg27] 13/7/2007 07:26

Not much rise for the small-caps again.