Asia's Week: One Year and Waiting for Last Abenomics Arrow
The region's focus shifted back to Japan this week, primarily because the "Abenomics" policy of its prime minister turned one year old. There was also new bluster and more with China over sea...
View ArticleRisk On
The stock market has managed to grind higher for more than a year without experiencing anything even close to a 10% correction along the way. While the steady advance of stocks in 2013 may be rare, we...
View ArticleBank Of Japan Ensures 'Abenomics' Stays On Track In 2014
The coming of the "New Year" is a major event in the mindset of the Japanese people. Just as with many in the west, the passing of the old year and the arrival of the new is a time for reflection and a...
View ArticleMitsubishi Priced Cheaply, Gets Lift From Abenomics
Shares of Mitsubishi trade below both book value and annual sales, and at steep discounts to historical price multiples for sales, book value and earnings.
View ArticleA Glimmer Of Hope For Japan-Korea Ties?
China's announcement this week of an Air Defense Identification Zone (ADIZ) has the potential to change the dynamics of relations between Japan and South Korea.
View ArticleAsia's Week: China Pushes the Islands Envelope
Well, that didn't take long. The new Chinese administration made its seaward push toward the Japanese outcropping of Senkaku (which it claims as well, as Diaoyu) in the form of a declared air-exclusion...
View ArticleThe U.S. Backs Japan Against China, But Needs To Do More
“The pivot is based on the supposition that China wasn't serious about asserting their primacy - Washington underestimated China's ambitions." If the last week has proven anything, it’s that Professor...
View ArticleNikkei And Yen Pair Trade Still Has Legs In 2014
Over the last six weeks many investors including global macro hedge funds have started new positions and added to existing trades in Japanese stocks and the Japanese Yen. The most popular trade has...
View ArticleWatch The Dollar In 2014, But Not Because Of Bitcoin
The greenback is probably going to get stronger next year, and corporations caught unaware will feel the sting.
View ArticleCurrency Outlook: It's Still About The Fed In 2014
More than five years after the onset of the Great Recession, consistent global growth remains elusive, prompting central banks to stick with artificially low interest rates while pumping an...
View ArticleCoincidence: Abe Honors Japan War Dead At Yasukuni Shrine As Okinawa Ok's...
Japan's Prime Minister Shinzo Abe displayed his inbred nationalist zeal when he visited the Yasukuni shrine memorializing Japan's millions of war dead in the face of advance imprecations not to go...
View ArticleWage-Push Inflation Is Japan's Next Bullish Driver
If you were long Japanese equities in 2013, you’ve got a lot to celebrate. The stunning year of performance on the Nikkei 225 saw the benchmark index finish vault 57% higher. That’s the biggest...
View ArticleDr. Doom Roubini: 'Another Black Swan On The Horizon?' (And Other Quotes Of...
With all the worries facing the stock market, Dr. Doom Nouriel Roubini seized on the China/Japan rift as one of the most worrisome.
View ArticleJapanese Kids Have Got To Be Carefully Taught -- Who Really Owns 'Disputed'...
Any day now teachers in middle and high schools all over Japan will be getting new guidelines on how to inculcate a basic, deep understanding of the territorial limits of Japanese power. The education...
View ArticleWeak Yen Lifts Honda's Profits; Deliveries Buoy On Strong Japanese And...
For fiscal year 2014, Honda had earlier assumed an exchange rate of 97 yen to a dollar but now expects an exchange rate of 100 yen to a dollar. Thus, the slight dip in unit sales guidance is likely to...
View ArticleAsia's Week: Welcome to Beijing, Mr. Baucus
Relations with China may be the one thing American politicians can unite around. Or at least, there's superficial unanimity in the U.S. Senate approval of Max Baucus as new ambassador to Beijing. If...
View ArticleA Dangerous WSJ Column On 'Collective' U.S.-Japan Defense
The natural and correct path for Japan today and tomorrow is pacifism and essential neutrality between the United States and China. Advancing along this path requires abrogating the U.S.-Japan...
View ArticleThe Chinese And Japanese Economies Are Delinking: Prelude To Conflict?
When economies are pulling apart, nations perceive they have less interest in others’ success. History, unfortunately, tells us what can then happen.
View ArticleAsia's Week: Abe's Japan Is Attention Grabber, Like It or Not
Ever more, and even with awful competition of late from the far-off streets of Kiev, Prime Minister Shinzo Abe's government manages to put Japan back into the international news. Occasionally the news...
View ArticleHow George Soros Made $4B In 2013: Short The Yen, Bet Against Bill Ackman
Geroge Soros was 2013's highest earning hedge fund manager, making an estimated $4 billion as he sided with Carl Icahn against Bill Ackman on Herbalife, shorted the yen, and lost money on JCPenney
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