Jump to content
House Price Crash Forum

The Sumo Japan Qe Thread


Recommended Posts

0
HOLA441

http://www.bloomberg.com/news/2014-10-06/bubble-era-defaulter-ends-20-year-market-absence-japan-credit.html

Haseko Corp. (1808), a Tokyo-based condominium builder, is returning to the bond market for the first time since defaulting in 1999 on about $3.6 billion in debt after the Japanese real estate bubble burst.

Haseko, which paid dividends for the first time in six years in the year ended March 31, last month registered to sell as much as 30 billion yen ($274 million) of notes and plans an offering of five-year debt, according to documents from Japan’s Finance Ministry and Mizuho Securities Co., one of the arrangers. This would be Haseko’s first sale since it raised 40 billion yen in 1994, Bloomberg-compiled data show.

Prime Minister Shinzo Abe’s economic revival policies spurred a property market boom that pushed the average cost of an apartment in the greater Tokyo area to a 22-year high in August at about 57 million yen, or the equivalent of $524,000, according to Japan’s Real Estate Economic Institute Co. Bond offerings in the country fell 2.9 percent even as the Bank of Japan’s unprecedented stimulus aimed at ending deflation reduced borrowing costs to an 11-year low.

You just can't go wrong with property investment...

Link to comment
Share on other sites

  • Replies 1.3k
  • Created
  • Last Reply

Top Posters In This Topic

1
HOLA442
2
HOLA443

http://www.zerohedge.com/news/2014-10-05/game-over-abenomics-week-japan-will-acknowledge-it-recession-goldman-reveals

We have been waiting for this particular bolded sentence ever since we predicted it would take place back in December 2012 when a bunch of Keynesians, a disgraced former/current prime minister with a diarrhea problem and, of course, the Goldman Sachs' corner suite, first unleashed Abenomics.

From Goldman's Naohiko Baba, previewing this week's key Japanese economic events

The Cabinet Office makes an assessment of the state of the economy based on the trend in the coincident CI, using a set of objective criteria. The August coincident CI is set to print negative mom. In this case, the Cabinet Office’s economic assessment will likely shift downward to “
signaling a possible turning point
” from the current level of “weakening”. According to the Cabinet Office,
such a change in assessment provisionally indicates a likelihood that the economy has already fallen into recession. This is effectively akin to the government acknowledging that the economy is in recession.
Link to comment
Share on other sites

3
HOLA444
4
HOLA445
5
HOLA446
6
HOLA447
7
HOLA448
8
HOLA449
9
HOLA4410
10
HOLA4411
11
HOLA4412
Japanese stocks, U.S. bond yields fall on growth concerns

TOKYO - Japanese stocks skidded to two-month lows on Tuesday as heightened concerns about the health of the world economy unnerved investors, triggering a shift in funds to safe havens such as U.S. bonds.

Concerns growing within Japan ruling party over weak yen - lawmaker

I thought everyone's currency was overvalued!

Link to comment
Share on other sites

12
HOLA4413
13
HOLA4414
14
HOLA4415
BOJ to stand pat even as inflation stalls, global markets tumble - sources

TOKYO - Even as growth and deflation fears roil global markets and weak data casts a shadow over Japan's economy, the Bank of Japan appears set to resist pressure for more stimulus measures or to accept that its inflation target is unrealistically high.

Link to comment
Share on other sites

15
HOLA4416
16
HOLA4417
17
HOLA4418
18
HOLA4419
19
HOLA4420
Japanese Stocks Tumble After BoJ Bond-Buying Operation Fails For First Time Since Abenomics

20141016_NKY.jpg

Having rotated their attention to the T-bill market in Japan (after demand for the Bank of Japan's cheap loans disappointed policymakers) in an effort to ensure enough freshly printed money was flushed into Japanese markets, the BoJ now has a major problem. For the first time since QQE began, Bloomberg reports the BoJ failed to buy all the bonds they desired. Whether this is investors unwilling to sell (preferring the safe haven than stocks or eu bonds) or that BoJ has soaked up too much of the market (that dealers now call "dead") is unclear. Japanese stocks - led by banks - are sliding as bond-demand sends 5Y yields (13bps) to 18-month lows.

Link to comment
Share on other sites

20
HOLA4421

Japanese Stocks Tumble After BoJ Bond-Buying Operation Fails For First Time Since Abenomics

20141016_NKY.jpg

Having rotated their attention to the T-bill market in Japan (after demand for the Bank of Japan's cheap loans disappointed policymakers) in an effort to ensure enough freshly printed money was flushed into Japanese markets, the BoJ now has a major problem. For the first time since QQE began, Bloomberg reports the BoJ failed to buy all the bonds they desired. Whether this is investors unwilling to sell (preferring the safe haven than stocks or eu bonds) or that BoJ has soaked up too much of the market (that dealers now call "dead") is unclear. Japanese stocks - led by banks - are sliding as bond-demand sends 5Y yields (13bps) to 18-month lows.

Sorry can you explain why this is a problem?
Link to comment
Share on other sites

21
HOLA4422
22
HOLA4423
23
HOLA4424
24
HOLA4425
BOJ stays upbeat on regional Japan, Kuroda says recovery on track

TOKYO - Most Japanese regional economies continue to recover as the pain from a sales tax hike in April starts to ease, the Bank of Japan said in a quarterly report, maintaining its optimism on the outlook despite growing signs growth may be losing momentum.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    • No registered users viewing this page.




×
×
  • Create New...

Important Information