Japanese stocks fall again but politics points toward weaker yen
Remember that the new government of Prime Minister Shinzo Abe faces elections for the upper house of Parliament in July. Abe’s party, the Liberal Democrats, currently does not have a majority in the upper house (the House of Councillors) of the Diet. Abe very much wants to win a majority in the upper house because that would diminish the power of opposition parties to block his legislative program.
Bank of Japan puts off big asset buying until January 2014 temporarily reversing the yen’s decline
Today the Bank of Japan gave in to political pressure and raised its inflation target to 2% from 1% as “recommended” by Japan’s new Prime Minister Shinzo Abe. But the bank delayed a huge program ($146.6 billion a month) of asset purchases until January 2014. Today’s market reaction in Tokyo says investors think the delay is very temporary
Emerging Markets in 2013: Outperformance AND Volatility
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Euro climbs against both the dollar and the yen, and looks set to continue that trend
The European Central Bank clobbered the U.S. dollar and the Japanese yen today when it left EuroZone interest rates unchanged at 0.75%. In trading today the euro climbed 1.4% against the U.S. dollar to $1.3252, that’s the highest level since July 5, 2011. The euro also rose 1.9% against the yen. The yen fell against the dollar as well to 88.41, the low since July 2010.
The next U.S.budget crisis is serious–here’s why and my thoughts on navigating it
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...The big effects of a stronger euro and a weaker yen/dollar will be felt in emerging stock markets such as China and Brazil
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...10 ways the Greek debt deal shapes global markets for the months ahead
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The big winner from Draghi’s press conference? Commodity stocks and especially gold stocks
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Jim’s Stock Alerts
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