From WisdomTree: The gross domestic product (GDP) report for April through June suggests that the Japanese economy has entered into a sweet spot, with growth accelerating and broadening into all components of domestic demand.
From BlackRock: Richard Turnill spells out why we like Japanese equities.
From WisdomTree: At WisdomTree, we track a very interesting weekly statistic reported by Japan’s Ministry of Finance (MOF)–the net flows from foreign investors into Japan’s equity market.1
We have seen a swell in trading volume and some liquidation in the largest “Japan Equity” tracking ETF in the marketplace recently, EWJ (iShares MSCI Japan, Expense Ratio 0.48%, $17.2 billion in AUM).
From Tyler Durden: On Sunday Japanese PM Shinzo Abe’s Liberal Democratic Party suffered what Reuters called a “historic defeat” in the Tokyo assembly election, and “plunged into a crisis” after losing to an upstart outfit in an vote that is seen as a harbinger for Japan’s national elections, and signaling trouble ahead for the premier […]
From WisdomTree: After a period of relative calm and no new initiatives, Japanese politics is likely to move back into global headlines in the coming months.
Japan’s central bank has significantly boosted its ETF purchases as of late, with its balance of holdings swelling to 15.93 trillion yen — that’s $144 billion — as of the end of March.
From Tyler Durden: A year ago, we noted that The Bank of Japan (BoJ) was a Top 10 holder in 90% of Japanese stocks. In December, we showed that BoJ was the biggest buyer of Japanese stocks in 2016.
Analyst Paul Weisbruch of Street One Financial brings us his daily fund flows update, which today looks at major outflows in U.S. large cap equity funds following yesterday’s sharp pullback, dip buying in small caps, and a continued flight from Japanese ETFs.
We have seen some profit taking into strength in the largest Japan Equity based ETF, EWJ (iShares MSCI Japan, Expense Ratio 0.48%, $15.9 billion in AUM), before today’s sell-off in global equities (EWJ down approximately 0.70%) with about $600 million leaving the fund via redemption flows.
From Tyler Durden: Confirming the expectations of all 41 economists, The Bank of Japan changed absolutely nothing about its monetary policy tonight following The Fed’s 3rd rate hike in 11 years.
From Tyler Durden: With the Fed expected to further tighten financial conditions following its now guaranteed March 15 rate hike, and the ECB recently announcing the tapering of its QE program from €80 to €60 billion monthly having run into a substantial scarcity of eligible collateral, the third big central bank – the BOJ – […]
From Tyler Durden: The last time the market was especially concerned about used to be one of the core pillars of “Japan, Inc.”, Toshiba, was in late December when in its second major accounting scandal announcement in as many years, Toshiba said cost overruns at U.S. nuclear reactors it is building were likely to force […]
From Tyler Durden: “Make yen terrible again” — if one had to pick one phrase to describe Japan’s aspirations for the upcoming meeting between Japan’s PM Abe and Donald Trump, that would be it.
From Tyler Durden: In a shot across the trade war bow with both Japan and Germany, on Tuesday Trump and members of his administration took aim at both Japan and Germany, in addition to China, to accuse them of devaluing their respective currencies, an unexpected move which sent the dollar sliding to multi-month lows.