Japanese Accelerated Perf Fund Share Discussion Threads

[energyi] 09/3/2006 08:37

SOMETHING NASTY

...is afoot in the Gulf area stock markets. See SAUD:

[knowing] 08/3/2006 17:41

Underscoring the sense Japan's economy is in full recovery, the index of leading economic indicators in January stood at 85, well above the neutral growth level of 50, the government said. The release marks the fourth month the index has stayed above 50.

Separately, Japan's bank lending rose 0.2% in February from a year earlier, the first expansion in eight years. Analysts said the gains point to a new willingness among corporations to expand their capital spending plans through external financing since December 1997.

Elsewhere, the Reserve

[knowing] 03/3/2006 20:35

LONDON, March 1 (newratings.com) – Analyst Ian Harwood of Dresdner Kleinwort Wasserstein says that the recent PMI report from Japan indicates that the economic recovery would continue going forward.

In a research note published this morning, the analyst mentions that the export orders index for Japan rose to an 18-month high in February, indicating that the export uptrend, which gained strength throughout 2005, would continue going forward. The healthy employment data for the month indicates that consumer spending in Japan would improve over the forthcoming months, Dresdner Kleinwort Wasserstein adds.

[easy74] 27/2/2006 15:01

making a good recovery though....JPS anyway.

[cmillar] 22/2/2006 14:33

regarding fall in trust prices - there may be some exchange rate factors to bear in mind too.

[knowing] 21/2/2006 09:59

TOKYO (AFX) - Bank of Japan deputy governor Toshiro Muto said the central
bank will make an "appropriate" decision on when to end its ultra-loose monetary
policy, the Jiji Press news agency reported.
"With regard to an end to the Bank of Japan's quantitative super-loose
policy framework, we will carefully monitor economic and price conditions and
then, based on our commitment linked to the CPI, will make an appropriate
decision," Jiji quoted Muto as telling the financial and fiscal affairs
committee of the upper house of the Diet.
The Bank of Japan has vowed to keep its present policy until three
conditions are all met: the year-on-year change in the monthly core CPI must
remain above zero for a prolonged period; there must be no sign of it again
slipping below zero; and the economy must be growing steadily.

[knowing] 21/2/2006 09:57

TOKYO (AFX) - Share prices closed sharply higher, with the benchmark Nikkei
225 index rising more than 450 points, as foreign investors returned to the
market after days of selling, dealers said.
Persistent concerns about offshore investors cutting their Japanese stock
holdings has been the primary catalyst for the market's slide in recent
sessions.
The Nikkei 225 Stock Average closed up 457.01 points or 2.96 pct at
15,894.98, its session high. Yesterday, the blue-chip marker fell 275.52 points
or 1.75 pct to 15,437.93, its lowest finish since Jan 23.
The broader TOPIX index of all first-section issues gained 40.45 points or
2.57 pct to 1,612.56, just off its high for the day of 1,612.97.
Advancers beat decliners 1,371 to 259, with 43 issues unchanged.
Volume fell slightly to 2.08 bln shares from 2.17 bln yesterday.
"The market was got a lift from foreigners, who placed net buy orders ahead
of the market opening today for the first time in the past 10 trading sessions,"
said Hiroichi Nishi, equity chief at Nikko Cordial Corp.
Analysts said overseas funds had unloaded stocks after Morgan Stanley
earlier this month urged US investors to cut holdings of Japanese equities by a
third, arguing their valuations were now too rich.
But now after a period of heavy selling, some foreigners appear to be taking
the view that a number of stocks have fallen back to levels that offer good
value again.
Nishi noted that some Middle East-based investors appear to have been active
buyers today with US players out of the market because of Monday's President's
Day holiday.
A newspaper report that the government is set to upgrade its assessment of
the economy in its February report also improved investor sentiment, dealers
said.
Real estate developers rose following a newspaper report that major property
developers are now planning to raise rents for offices in central Tokyo for the
first time in five years, dealers said.
Sumitomo Realty was up 245 yen or 10.2 pct at 2,645, while industry leader
Mitsui Fudosan jumped 155 yen or 7.1 pct to 2,345. Mitsubishi Estate gained 140
yen or 6.2 pct to 2,385.
The Internet sector rose sharply, led by Softbank which surged 460 yen or
14.1 pct to 3,730, and its affiliate Yahoo Japan which gained 10,000 yen or 7.8
pct to 138,000.
Securities companies gained, led by Daiwa Securities up 79 yen or 6.4 pct to
1,309.
Bargain hunters focused on banks, with Resona, the fourth-largest lender
here, up 23,000 yen or 6.2 pct at 396,000, and Mizuho Financial up 29,000 yen or
3.3 pct at 899,000.
In the retail sector, Aeon, Japan's largest supermarket operator, rose 125
yen or 4.8 pct to 2,735 while Daiei was up 275 yen or 9.4 pct at 3,210.
Trading companies were firmer, with Sumitomo Corp up 81 yen or 5.8 pct at
1,488.
Shipbuilders also gained, led by IHI which closed up 29 yen or 9.5 pct at
335.

[knowing] 21/2/2006 08:07

Has everyone called that the bottom for Japan then ?

[knowing] 20/2/2006 20:04

Subscription site: STOCK MARKET OUTLOOK: Nikkei's Slide To Stop At Around 15,000 Nikkei Interactive 17:53

[knowing] 19/2/2006 21:43

Japan's 4Q economic growth surges to 5.5%

Friday, February 17, 2006 8:54:14 AM ET
newratings.com

LONDON, February 17 (newratings.com) – Japan's economic growth surged at an annual rate of 5.5% in the fourth quarter, the government said on Friday

The world's second-largest economy expanded 1.4% on a sequential basis in the three months ended December 31. Growth in the Asian nation's gross domestic product (GDP), which is the value of all goods and services produced in the country, was ahead of expectations. The government report indicated that Japan's fourth-quarter economic growth was boosted by a surge in consumer spending and substantial exports.

Economists said the latest three-month period being the fourth consecutive quarter of growth indicated that Japan had finally emerged from a more than decade long slump and had entered a new era of healthy growth rates, according to the New York Times.

Japan reported a 3.1% quarter-over-quarter rise in exports and a 1.7% increase in corporate investments. Japan benefited during the quarter from a strong 0.8% gain in private consumption, which constitutes more than 50% of the nation's GDP. Japan's flat panel TVs drove up domestic consumer spending as well as exports, which were also boosted by the nation's automobile sales.

For the full year, Japan's GDP growth was 2.8%, marking the highest growth rate since 2000.

[knowing] 19/2/2006 20:06

easy I don't know what trust you bought into but would imagine that it may have been holding small and medium caps hence the dramatic fall.

[supermum] 19/2/2006 19:55

cos the nikkei is falling like the proverbial stone... down 330 points onFriday... at this speed (and I should have been short) it wont be long before it hits all sorts of trendlines and supports around the 15k mark.. dont forget a few hundred either way is nothing for the nikkei !!

SM

[easy74] 18/2/2006 23:04

guys...sorry to be a pain but can someone give me a quick explanation why JAP investment trust has taken a massive fall?

I bought in at 4.48...not good i know but not sure to sell.

Thanks in advance.

[knowing] 17/2/2006 16:52

Last quarter GDP estimate at 1.4% !!!!!!!!

[knowing] 17/2/2006 09:00

Nikkei Interactive calling it down to 15000 following saying it would be 17-20000 this year. People now saying that foreign investors are scared of loosening of monetary policy but then that is confirmation of a move away from deflation and also any interest rise should be nominal. Nikkei yields about 2.5% and is growing so where is the return on domestic cash going to be made in the forseeable future ?

[megsta] 17/2/2006 08:47

The long term NIKKEI chart shows hammer candlestick forming (similar to Oct 05), indicates a buy signal(?)

Is money moving out of Japan, and into the US now that the DJIA has broken 11000?

JAPAN NIKKEI 225 INDEX:

[energyi] 17/2/2006 00:24

LOW RISK BUY coming up soon??

Possible Long Term Count : 15,000 may be the Low for any Future Drop


39,000 High
7,300 Low
31,700 Change

39,000 x .382 = 14,900

[yiyack3] 16/2/2006 23:58

I'm a bit concerned that the various Japan investment trusts have been going down more than the underlying indices - for example JPS dropped 4% today against a 1.5% drop in the Topix Second Section index. This follows a similar trend in recent days. I notice FJV is also going down more than it deserves.

Lets hope this isn't more than a temporary dip in sentiment - if not, we're in for a bad time as the Navs drop and the discounts increase. I'm holding in there for now to see what will happen.

[Abuse team] 13/2/2006 00:51

Post removed by ADVFN

[knowing] 13/2/2006 00:34

TOKYO (AFX) - The current account surplus in December increased 8.6 pct from
a year earlier to 1.75 trln yen, rising for the fourth straight month, the
Ministry of Finance said.
The figure topped market's expectations. The average of forecasts in a
survey of 21 research institutes by the Nihon Keizai Shimbun was for a surplus
of 1.579 trln yen. The estimates ranged from 1.250 trln yen to 1.792 trln yen.
The trade surplus fell 16.7 pct to 1.06 trln yen, with exports rising 18.7
pct to 6.08 trln yen, while imports jumped 30.4 pct to 5.02 trln yen. The goods
and services account registered a surplus of 886.2 bln yen, down 11.0 pct from a
year earlier.
The services account deficit narrowed to 173.6 bln yen from 277.3 bln yen.
The capital and financial account, which measures international fund flows,
registered an outflow of 1.67 trln yen for the month, against an inflow of 175.6
bln yen a year before.
The current account is the widest measure of a country's financial
performance on an international basis, because it includes investment fund flows
as well as trade in goods and services.

[knowing] 12/2/2006 22:50

Think it's going to be interesting to see where the Nikkei goes

[knowing] 09/2/2006 09:56

TOKYO (AFX) - The consumer confidence index rose to 49.5 in January from
46.5 in December, the first rise in two months, the Cabinet Office said.
The headline index and all of the four sub-indices rose last month, showing
a majority of Japanese were more optimistic about pay and employment conditions.
The consumer confidence index is based on replies to a survey asking about
four aspects of consumer sentiment: perception of general economic well-being,
income growth, employment conditions and willingness to purchase durable goods.
Respondents are asked if there has been improvement in these areas compared
to three months earlier.
Numbers above 50 mean that respondents reporting improvement outnumber those
reporting a deterioration. Figures below 50 mean the majority believe conditions
have worsened.
The sub-index for general economic well-being rose to 46.9 in January from
44.2 in December, while the income growth sub-index increased to 46.0 from 42.8.
The employment conditions sub-index rose to 53.5 from 49.3 while the sub-index
for willingness to buy durable goods climbed to 51.4 from 49.8 in December.

[knowing] 08/2/2006 10:24

TOKYO (AFX) - Asian Development Bank president Haruhiko Kuroda said Japan is
still suffering from price deflation and it is too soon for the central bank to
end its current stimulative monetary policy.
Although Japan's consumer price index (CPI) rose in December for the second
straight month and the first back-to-back rise since 1998, this measure tends to
overestimate inflation, Kuroda said.
"So I don't think it's a good time to change monetary policy," said Kuroda,
who is a former Japanese vice minister of finance and adviser to Prime Minister
Junichiro Koizumi.
"The economy is still in a price deflation situation. For monetary policy
the main objective is to achieve price stability. Prices are not yet stable."
Kuroda's comments, made to a small group of reporters, follow recent signals
from Bank of Japan officials that a policy shift is approaching despite
opposition from the government, which is worried that a premature move by the
central bank could prolong deflation.
At the same time, however, Kuroda said the current economic recovery in
Japan appears to be sustainable, in contrast to a series of false starts in the
economy over the past decade.
"I think the Japanese recovery is real because the most important sector,
the corporate sector, has recovered," he said.
Even with the current recovery, however, the Japanese economy could not be
expected to achieve sustainable annual growth of more than 2-3 pct at best, he
added.
The dollar fell sharply against the yen in overseas trade on growing
speculation that the Bank of Japan could soon announce an end to its
"quantitative easing" policy of pumping cash into the banking system.
This extraordinary measure was introduced five years ago to complement
interest rates held effectively at 0 pct, in an effort to bring an end to
damaging falls in consumer prices and stimulate growth.
The dollar recouped some of its losses against the yen in volatile Asian
trade as local dealers took a more cautious view than their overseas
counterparts of the likelihood of an imminent policy shift.
The dollar rose to 118.05 yen in Tokyo afternoon after falling as low as
117.55 yen in early morning trade.