Jpmorgan Japanese Invest... Share Discussion Threads

[tiraider] 26/2/2007 10:09

(Close): Japanese stocks closed at fresh seven-year highs, lifted by strong steel and oil stocks.
The benchmark Nikkei 225 closed up 26.93 points at 18,215.35 while the Topix rose 0.1% to 1,816.98.

Nippon Steel rose 2.4% to 841 yen, close to a 17-year high, on speculation about its future after recent consolidation in the steel sector.

"We don't have many negative factors at the moment," said Jun Nishizaki, from Nissay Asset Management.

[a0148009] 23/2/2007 07:57

HONG KONG (XFN-ASIA) - Stocks across the Asia-Pacific region closed higher,
with the Australian and Seoul markets hitting new record highs and Tokyo ending
at a seven-year high, dealers said.
But the Hong Kong market was lower on fears of a correction in mainland
Chinese markets when they reopen Monday after this week's Lunar New Year
holiday.
Tokyo shares closed firmer on the yen's weakness, bolstered by strong
foreign institutional support, dealers said.
Market watchers expect the Nikkei 225 to test the 18,500-point level next
week, as the Bank of Japan's rate action on Wednesday has put an end to a period
of uncertainty and the market will be less dictated by economic indicators due
out next week.
The Nikkei 225 Stock Average closed at a seven-year high of 18,188.42, up
79.63 points or 0.44 pct, after touching the day's high of 18,239.13. The last
time the index closed at its highest level was on May 8, 2000.
The Nikkei 225 rose 1.75 pct over the week.
The TOPIX index of all first-section issues added 12.06 points or 0.67 pct
to a fresh 15-year closing high of 1,814.96, after reaching an intra-day high of
1,817.97. The index climbed 2.28 pct for the week.
Mitsushige Akino, chief fund manager at Ichiyoshi Management, said the
underlying tone remains steady.
"The market remains buoyant even after the Bank of Japan's rate hike
Wednesday. The firm undertone was especially helped by the currency market,
which saw the yen continuing to be weak," he said, adding that investors are not
expecting the BoJ to raise rates again any time soon.

[a0148009] 22/2/2007 11:27

Hi Guys

re NI225 Chart can't find anything on ADVFN which goes back further than August 2005 any ideas as this erases the fluctuations in JFJ discount to NAV and currency and gives a more accurate picture.

Thanks

AO

[tiraider] 22/2/2007 09:45

(Close): The Nikkei average rose 1.09% on Thursday to close above 18,000 for the first time in nearly seven years.
Exporters such as Canon were strong after the yen fell on the Bank of Japan's comments that further interest rate rises would be gradual.

One faller was the steel firm Tokyo Kohtetsu, which fell after shareholders rejected a share swap with Osaka Steel despite it having the board's approval.

The Nikkei closed 196 points higher at 18,109, its highest since May 2000.

[tiraider] 22/2/2007 09:44

Morning Scot,

It's looking good again. I Managed to catch most of the '05 rise, was out last year and got back in again just before Christmas.

Any chance of putting the N225 and £ v yen charts as above in the header? Will save going backwards and forwards looking for them. Epics are NIK:NI225 and FX:GBPJPY

rgds

[scotswhaehae] 22/2/2007 08:36

I had a great run with this thread when I created it in 2005...and, whisper it, there's another great run coming again soon imo!

Good luck all!

[tiraider] 21/2/2007 15:22

It's bouncing around the res at 270. I suggest once the yen finds direction after that rate rise, N225 and JFJ will follow.

£ v Yen

[a0148009] 21/2/2007 07:31

TOKYO (XFN-ASIA) - Share prices closed mixed after the Bank of Japan hiked
its key rate by 25 basis points, with investors waiting to see how offshore
players and the currency markets would react to the latest central bank
decision, dealers said.
During trading hours, the BoJ said its policy board voted to raise the
overnight call rate target to 0.50 pct from 0.25 pct effective immediately,
confident that the economy can sustain its recovery.
The blue-chip Nikkei 225 Stock Average closed down 25.91 points or 0.14 pct
at 17,913.21, after moving in a tight range of 17,850.09 and 17,968.26.
The TOPIX index of all issues listed on the Tokyo Stock Exchange's first
section ended the session up 4.50 points or 0.25 pct at 1,787.23, off a low of
1,779.47 and a high of 1,790.21.
Gainers beat decliners 948 to 615, with 152 issues flat.
Volume rose to 3.06 bln shares from 2.22 bln yesterday.

(1 usd = 120.34 yen)

[tiraider] 20/2/2007 09:16

(Close): Japanese shares closed flat on Tuesday, as investors wait for the Bank of Japan's interest rate decision.
Analysts are mixed over whether the Bank will raise rates at its two day meeting, after recent data showed stronger-than-forecast economic growth.

After Monday's seven-year high, the benchmark Nikkei 225 fell 0.97 points or 0.01% to end at 17,939.12.

Auto firms were among the gainers after Volvo said it would buy Nissan Diesel Motor for $1.1bn.

While Nissan Motor added 0.3% Isuzu Motors climbed 1.1% and Toyota Motor 0.4% higher.

[tiraider] 19/2/2007 15:41

It doesn't seem to know there WAS resistance at 270!!

[a0148009] 19/2/2007 14:05

Discount to NAV 4%,breaking resistance at 270p, could rise to 285p in short term, sterling still overvalued against the Yen IMO, DYOR

AO

[tiraider] 19/2/2007 09:11

(Close): Shares in leading Japanese firms hit their highest level in seven years on reports of a planned merger to create a giant department store chain.
The benchmark Nikkei 225 added 64.44 points or 0.36% to end at 17,940.09 - a record since May 2000.

Weekend reports said Daimuru would tie up with the department store arm of Matsuzakaya, pushing retail shares up, though both denied the rumours.

Daimuru rose 8.6% and Matsuzakaya climbed 10%.

Metal firm Sumitomo Metal Industries also rose, climbing 3.2%

[tiraider] 16/2/2007 11:31

£ v Yen

[tiraider] 16/2/2007 11:24

THE NET ASSET VALUES IN PENCE WITH DEBT VALUED AT PAR AS AT MARKET CLOSE ON 15TH
FEBRUARY 2007 WERE AS FOLLOWS:


JPMORGAN JAPANESE INVESTMENT TRUST PLC: 282.02

That's a big jump in NAV. Nice one JPM

[nerja] 16/2/2007 11:08

Yen appreciation appears to be accelerating, nav in sterling getting currency boost, it may at last be the time to jump into Japan, while it plays catch up.

[haveagoodday] 16/2/2007 08:19

(Close): Japanese share prices closed slightly lower ahead of next week's interest rate decision by the central bank.
Shares of Sapporo Holdings were swamped with buy orders after hedge fund Steel Partners said it was considering a tender offer for the beer maker.

The Tokyo Stock Exchange's Nikkei index of leading shares shed 21.58 points or 0.12% to 17,875.65.

It comes a day after the market notched its best finish since 8 May, 2000.

[haveagoodday] 15/2/2007 09:42

AD...point taken, but with an appreciating Yen, depreciating $, could be interesting times ahead.

Those Japanese GDP figs are very strong. Looks like Japan is finally moving into the top gear of growth.

[a0148009] 15/2/2007 09:32

have

Thanks interesting posts. I dont see a huge unwinding of the carry trade because the disparity in interest rates between Japan versus USA/UK is so large it would take an increase of 2% or more to make any real impact on large short positions of Yen, however there will be some cautious players out there who will be less aggressive.

AO

[haveagoodday] 15/2/2007 09:09

Ready for the era of cheap debt to end? the free cash machine is about to end...

Japan's Economy Grows 4.8%, Fastest in Almost 3 Years (Update7)

By Lily Nonomiya

Feb. 15 (Bloomberg) -- Japan's economy grew at the fastest pace in almost three years as consumer spending rebounded and business investment jumped. The yen rose on speculation the central bank may raise interest rates.

Gross domestic product in the world's second-largest economy expanded at an annual 4.8 percent pace in the three months ended Dec. 31, the Cabinet Office said in Tokyo today, exceeding the 3.8 percent median estimate of 38 economists surveyed by Bloomberg News. Third-quarter growth was revised to 0.3 percent from 0.8 percent.

The chance the central bank will raise rates next week rose to 54 percent, from 40 percent late yesterday, according to calculations by Credit Suisse Group based on interest-payment trading. Bank of Japan Governor Toshihiko Fukui cited weak consumer spending and slow inflation as reasons his policy board kept borrowing costs at 0.25 percent at its last two meetings.

``The report increases the possibility the central bank will raise rates,'' said Satoshi Kon, who helps manage the equivalent of $19 billion in Tokyo at Pension Fund Association. ``Consumption was stronger than many of us anticipated.''

The yen rose to 120.04 per dollar at 3:38 p.m. in Tokyo from 120.72 before the report was published. Yields on the benchmark 10-year bond rose 1.5 basis points to 1.74 percent. The Nikkei 225 Stock Average climbed 0.8 percent as shares of Takashimaya Co., the nation's largest department store, jumped 10 percent.

[haveagoodday] 15/2/2007 08:55

(Close): Economic data helped Japanese share prices rise again on Thursday, to reach its highest level in almost seven years for a second consecutive day.
Japan's economy grew at an annual rate of 4.8% in the quarter, the government said - buoyed by consumer spending.

The Nikkei-225 index was up 0.81% to 17,897.23 by the end of trading - its highest finish since May 8 2000. The TOPIX index gained 0.65% to 1,776.71.

Shares of consumer lender Orient fell nearly 20% after it warned of losses.

Tighter lending laws would hit the bottom line, Orient said.

[a0148009] 15/2/2007 08:29

Chart looks good.Discount closed to 5%. Looking for more appreciation of Yen with todays better than expected GDP figures and possibility of higher interest rates, some unwinding of the carry trade and further new N225 highs.

AO

[haveagoodday] 14/2/2007 19:20

Hi AD,

this thread has the News link, the other has the N225 chart. Pity they're not on both. I've just used whatever was top of the list when I search.

Weak res at 270 that I'm sure will be tested shortly, after that, we'll be cruising!

This type of investment is long term, although easily tradeable with that tight spread. The N225 has a lot of lost ground to make up. I make next major res 24000. The only question is when? Now clear of the 17500 res, fairly quickly (by the end of the year?).

[haveagoodday] 14/2/2007 09:12

Good luck GP.

I bought back into JFJ recently. With an undervalues N225, making new highs, the yen is overbought and a lot of positions to unwind in carry trades, I'm expecting to see this benefit from 2 rising markets. So far, so good anyway but the moves are both still in their infancy, so a lot to play for I think