Tag Archives: Japan

The Land of The Rising Stocks

The Land of The Rising Stocks

The weaker yen coupled with positive job numbers from the US spurred Asian stocks to a highest close since August 2011. Moreover, the U.S. jobs data indicates that the world’s most dynamic economy is beginning to show real momentum.

Haruhiko Kuroda, candidate for the BOJ governorship and an advocate of quantitative easing is looking to buy derivatives if confirmed. Kuroda’s aim is to bring the inflation down to 2 per cent, a level unseen since the early 90’s. However, Kuroda’s, perhaps slightly premature, words are music to investors’ ears who are looking to cash in on the stocks rallies in Japan and the US.

Many analysts are expecting Japanese stocks to keep rising in the coming months.

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Nikkei Surges

Nikkei Surges

The Nikkei Average closed at 11,153 on Friday, and estimates for this week circle around 13,000 which would represent a 16.5 percent gain in less than seven weeks. The Nikkei Average has looked strong recently and has surged 27.4 percent in the past months, as investors began taking notice of in the new government’s deflation-fighting policies already before the December elections.

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Land Of The Rising Cars

The Land Of The Rising Cars

According to a report by Bloomberg today, Toyota Motor Corp. overtook General Motors and Volkswagen last year in global sales after the massive Tsunami and earthquakes that shook Japan. Moreover, the car manufacturer managed to regain its position regardless of record recalls.
In 2012 Toyota’s sales rose 23 percent to 9.75 million cars according to a statement released by Toyota.

In the coming months the automaker will present a refurbished Corolla, its second-most popular car in the U.S. last year. The company will also work with Bayerische Motoren Werke AG, the world’s biggest maker of luxury vehicles, to produce a midsize sports car and set up partnerships to create fuel-cell systems, lightweight materials and lithium-air batteries, the companies said Jan. 24, according to Bloomberg.

Investor attitudes toward Toyota have become better since yen dropped against all major currencies last month.

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Toyota Shares After the Tsunami

Toyota’s Back From The Tsunami

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After the horrific tsunami that left thousands dead, Japan’s flagship car maker Toyota is bouncing back and looks to take back the title of world’s biggest auto-maker from its American rival, GM.
Toyota shares on Tuesday jumped to their highest level this year, largely boosted by news reports that the company was poised to lead the car manufacturer’s pack this year.

According to AFP, the company’s shares were up 1.93 percent at 3,690 yen by the morning break in Tokyo, passing a previous year high of 3,660 yen.

Japan has been the focus of world’s attention in the past few weeks, after Shinzo Abe’s Liberal Party, won a landslide in the Japanese parliamentary election. The financial markets reacted to Abe’s victory with contradictory tones: the yen weakened to 20-month low while the Nikkei index rose.

Abe said he will take action to enhance the world’s third largest economy, which has been struggling with years of poor growth.

If the direction of Toyota is any indication, Japan’s economy seems to be sailing towards better times. While financial markets are largely unpredictable, the purest form of unpredictability is still Mother Nature which will ultimately make or break the seemingly tranquil island’s economy.

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