Jpmorgan Japanese Invest... Share Discussion Threads

[rogerbridge] 04/3/2009 21:48

bought a few today for the SIPP

[nod] 24/2/2009 10:30

discount now 25% - pricing in further falls

plenty of pessimism about the Japanese economy

[nod] 16/2/2009 20:47

Top ten holdings as at 31st December 2008


+-------------------------------+------------------------------------+----+---+---+---+
| Stock name | Sector | Weight |
| | | % |
+-------------------------------+------------------------------------+--------+
| Nippon Telegraph & Telephone | Information & | 7.4 |
| | Communication | |
+-------------------------------+-----------------------------------------+-----------+
| NTT DoCoMo | Information & | 7.4 |
| | Communication | |
+-------------------------------+-----------------------------------------+-------+
| KDDI | Information & | 6.3 |
| | Communication | |
+-------------------------------+-----------------------------------------+-------+
| Mitsubishi UFJ Financial | Banks | 5.4 |
| Group | | |
+-------------------------------+-----------------------------------------+-------+
| Nintendo | Other Products | 3.2 |
+-------------------------------+-----------------------------------------+-------+
| Inpex | Mining | 3.0 |
+-------------------------------+-----------------------------------------+-------+
| Hitachi Transport System | Land | 3.0 |
| | Transportation | |
+-------------------------------+-----------------------------------------+-------+
| Tsumura & Co | Pharmaceutical | 2.9 |
+-------------------------------+-----------------------------------------+-------+
| Fast Retailing | Retail Trade | 2.9 |
+-------------------------------+-----------------------------------------+-------+
| Sankyo | Machinery | 2.8 |
+-------------------------------+------------------------------------+----+---+---+---+

[nod] 13/2/2009 22:36

NAV of 172p - discount is still over 20%

[nod] 22/1/2009 22:53

The Nikkei has fallen about 10% in January but the Yen has risen about the same.

I would hope the Nikkei improves from here, but there's been plenty of bad news.

As for JFJ, the discount to NAV is now 40p - well over 20% again

[hosede] 22/1/2009 14:20

Nav now 191p - I don't think its anything to do with the investments - just the yen rising against the pound

[nod] 09/1/2009 21:48

NAV now 177p - has been falling most of January. -18p this year

JFJ is falling faster, with a fall nearer to -28p

[nod] 02/1/2009 10:02

The NAV is now 195p and again the discount to NAV is widening.

[nod] 19/12/2008 20:38

The NAV is now 182p.
The discount to NAV had widened and today was catch-up time.

I guess JFJ is benefiting from the falling pound.

Approval at yesterday's AGM to buy up to 25 million of its own shares.

[hosede] 19/12/2008 18:25

mega-rise today - no idea why but not complaining

[nod] 01/12/2008 21:26

Although volatile through October and November there are signs that the bottom has been reached. Currently trading 34 below NAV. JFJ buying its own shares.

[nod] 27/10/2008 19:32

it looks like all stocks are being marked down regardless of quality.
the japanese appear to be especially risk averse these days after their very tough time in the 90's and then getting burnt again after they piled into the dot com techs.

a knowledgable fund manager should be able to pick up real bargains out of this mess.

in 2003 JPM managed to near double NAV in 12 months. Japan still has problems but looks stronger today and we could see a similar recovery in asset valuations.

with interest rates around the globe falling and Yen rising, the Japanese will have to find other investments than currency carry trades. they may turn to their stock market.

[hosede] 27/10/2008 14:57

Interesting play here - the fall in the Nikkei is being balanced by the rise in the Yen against the pound - could be bottoming out as how much further can the Nikkei fall in relation to its 40,000 high - already more than 80%

[nod] 06/10/2008 10:17

I thought that Japan will come out of this global crisis better than many. Their banks were heavily damaged by a similar binge in the 80's and it took more than a decade to recover in the intensive care ward.

Now US and UK banks could spend the next decade in intensive care - while Japan is finally beginning to look stronger.

Japanese companies will obviously suffer from a fall in Western demand but at least they will probably survive.

The long-term chart tells the story...

[hosede] 10/8/2008 21:01

Still looking like a ski slope but the discount to NAV is steadily increasing so if you manage to buy near the bottom you get a nicely geared up return. BGFD same price but lower discount - not tempted yet I'm afraid!

[tiraider] 26/6/2008 13:57

From The Times
June 21, 2008

Japan offers a helping hand to world banks
Leo Lewis, Asia Business Correspondent

Japan has given its official blessing to a new mood of aggression in its banking sector as the country's powerful financial institutions turn their sights on deals with the outside world.

Yoshimi Watanabe, Japan's Minister for Financial Services, told The Times that because the nation's biggest banks had so far emerged from the sub-prime crisis relatively unscathed, they were well-positioned to adopt a bolder stance over deals with Western counterparts....

[tiraider] 26/6/2008 13:56

chart looking like a double bottom..

[hectorp] 16/6/2008 14:06

Inflation is making the Japanese spend.. they have massive savings.. 3 times a year's GDP is stuffed down futons and in low interest accounts.
Prices are seen to be rising and people are spending like mad.
I am a buyer of this Fund here. Price 181p resistance short term 191p

[haveagoodday] 30/5/2008 21:29

From Times Online
May 28, 2008

Japan: the land of the rising return?
David Budworth
Given the turbulence in the markets over recent months you might not have noticed that the Japanese stock market has been doing rather well. Since hitting a low of 11,788 in mid-March the Nikkei 225 index of Japan's leading companies has leapt 16 per cent, making it one of the top performing markets worldwide.

Two months is, of course, a very short time frame on which to base investment decisions. But it is worth taking note, as the burst in performance has coincided with a new found optimism in Japan amongst fund managers.

Many think that the Japanese market, which has been in the doldrums for most of the past decade, could finally be turning a corner. Paul Chesson, head of Japanese equities at Invesco Perpetual, a fund manager, says: "We still believe that the stock market as a whole will be tough going over the next year. However, there are now more shares in the market where I believe we can make double-digit returns over the next year than we have been able to find for some time."

Other fund managers, like Stephen Harker at SG Asset Management, say that Japanese equities are the most attractively valued for 25 years. More than half of Japanese companies trade at less than book value - the accounting value of their assets - according to Goldman Sachs, an investment bank.

Dividend yields are also rising, with Japanese equities now yielding more than bonds. According to Hargreaves Lansdown, a financial adviser, this has only happened twice before - in 1998 and 2003. Both times, this was followed by a rally in the market.

After over a decade of falling prices the Japanese economy also appears to have turned its back on deflation, which has made it difficult for companies to raise prices and discouraged the Japanese consumer from spending money. Japan's nationwide consumer price index (CPI) rose 1.2 percent in March from a year earlier, the biggest rise since March 1998. Although this was largely down to rising energy prices, economists say that there are encouraging signs that inflation is beginning to appear in the broader economy.

Seasoned investors will, quite rightly, say that they have heard such talk before. There have been many false dawns in the land of the rising sun that have come to nothing.

But the underlying factors, this time around, make Japan looks a more compelling investment than it has for many years. The next 12 months look likely to to remain tough as the credit crisis works itself out. But if you are prepared to hold for the long-term now looks like a good time to invest.

[sunseeking] 02/5/2008 21:52

Beginning to slope uphill - decided nows the time
ss

[hosede] 11/1/2008 15:10

got out around 200 for hefty loss - still watching and waiting - chart still looks a ski slope to me

[watwungyi] 04/1/2008 00:23

i kept adding to my japan tracker fund and today i began to make net profit for the first time. but not jfj yet. also looking baillie gifford jap smaller companies. if anyone interested, the ticker is bgs.

[haveagoodday] 27/12/2007 23:34

Nice one Watti, I note also that the chart has made a double bottom, maybe a turning point for JFJ?

[watwungyi] 02/12/2007 12:35

reports of equity yield crossing government bond yield are all over the place. that is seen as a signal for an imminent bull run. adding some this week.