Industrial production falls in Japan; stocks climb in Tokyo
Industrial production fell in June by 3.3% from May, the Japanese Trade Ministry announced today. Economists surveyed by Bloomberg had expected a 1.5% drop. On the news the yen fell to 98.13 against the dollar and Tokyo stocks rallied
Japan’s big sell off on Friday overstated the strength of June’s inflation numbers
Friday news that Japan, the home of deflation, deflation, and more deflation, had turned in its highest rate of inflation in five years in June sent stocks in Tokyo down 2.97%. Here’s why good news was bad news and why, I think, the market over-reacted.
On the news the Nikkei 225 dropped 2.97% in Tokyo for Friday’s session.
With Abe’s election victory, the Tokyo market shifts to start of earnings season next week
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...In Tokyo a stock market pause before Sunday’s elections
The Nikkei 225 index fell 1.48% overnight in Tokyo on profit taking before Sunday’s election for the upper house of Japan’s parliament. Prime Minister Shinzo Abe’s coalition is projected to cruise to an easy victory giving the government control of both houses of parliament and a clear path for pushing forward Abe’s economic program.
Strong dollar, strong U.S. stock market–how long does this trend run?
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...I still don’t see another bust–but I think the odds of some smaller crisis have climbed recently
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...Japan up, China (and emerging markets) down
Great day for financial markets in Japan—and I think, with a lag, for U.S. financial markets too. But a bad day for emerging stock markets—because of China.
Saturday Night Quarterback says, For the week ahead expect…
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Waiting for the jobs data: Will good news be bad news or bad news good news or vice-versa?
It ‘s clear that the driver for the market today is related to tomorrow’s jobs report for May. And that makes sense since the Federal Reserve has said that its decision on when to begin tapering off its monthly $85 billion in purchases of Treasuries and mortgage-backed assets will depend on the data. But it’s not clear to me what the action in the financial markets today means that markets are anticipating tomorrow.
If the Fed has been talking down the markets, is it just about finished?
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