Japan Tag

After years of underperforming the Japanese and global stock markets and seeing four consecutive years of substantial sales declines, Japanese bellwether Nintendo seems to be righting the ship. Investors seem to be catching on as it is the best performing stock in Japan over the...

In Part 1 of this piece we explored at a high level some of the impacts of Japanese monetary policy on on the real economy. We concluded that currency devaluation has been successful in raising import prices, but has so far been ineffectual in creating...

The Nikkei is at a six year high and trying desperately to breakout of its longstanding trading range on the Pavlovian response to BOJ money printing and a mirage created by short-term expansionary fiscal policy. But what about the real economy?...

The Japanese stock market has had a good run over the last few months (especially the price weighted Nikkei, which has risen 16% since the June low) and headline indices are close to or have already broken above their May highs on a nominal basis....

QE is rolling on in Japan, but we’re starting to see some mixed signals when it comes to the real economy, the latest of which is the divergence between the just released and widely followed Economy Watchers Survey and the Leading Economic Indicator....

Sony reported lower than expected sales and EPS estimates and lowered its full year profit guidance yesterday, serving as a stark reminder that Abenomincs is hardly a panacea for Japan’s struggling consumer electronics industry....

At the heart of Abenomics is the presumption (or hope?) that a lower yen will stimulate export volume. Indeed September exports denominated in yen were up about 11.5% year over year. But real exports were up just .4%....