Japan’s finance ministers, BOJ hold emergency meeting after U.S. election results shock

Japan’s top economic officials are scrambling to respond to the financial market turmoil unleashed by the U.S. presidential election. The country’s finance ministry and central bank were holding an emergency meeting Wednesday afternoon after wild trading in Japan’s stock market and currency. The benchmark Nikkei index plummeted more than 900 points — a drop of 5.4% — as Donald Trump took the lead in key battleground states in the U.S. CNN later projected Trump would win the election…

Foreign investors giving up on Japanese stocks on doubts that ‘Abenomics’ is working

Foreign investors are bailing out of Japanese stocks as a wobbly economy feeds disillusionment about ‘Abenomics’, sparking bouts of volatility in a market increasingly shaken up by policy decisions of the Bank of Japan. The trouble is that long-term focused foreign funds have turned bearish on doubts that Tokyo can pull Japan out of two decades of economic stagnation, despite more than three years of massive monetary and fiscal stimulus…

Japan stocks rebound after upbeat U.S. NFP report suggests Fed’s ready for rate hike

Dec 7 Japanese stocks rebounded on Monday after upbeat U.S. jobs data suggested the world’s biggest economy is in a strong position to sustain an expected Federal Reserve rate hike this month, boosting sentiment in the broader market. The Nikkei share average gained 1 percent to end the day at 19,698.15, recovering just under half of the 2.2 percent the benchmark index shed on Friday…

Problems in China? What problems? Nikkei jumps 7.7%, European markets open higher

Problems in China? What problems? Investors appear to have put aside worries over a slowdown in the world’s second biggest economy, giving a boost to global markets on Wednesday. European markets opened with gains of about 2%, but Japan’s Nikkei was the standout performer, adding 7.7% in its best day since the global financial crisis…
The enthusiasm was infectious in Asia. Hong Kong’s Hang Seng added 4%, Taiwan’s main index gained 3.6% and India’s Sensex was trading 1.7% higher.

China Q2 GDP grows 7.5%; lifts European stocks, aluminum to 13-month high

(Reuters) – Stocks rose in Europe and aluminum hit a 13-month high on Wednesday after China reported economic growth that was slightly stronger than markets had expected. However, a fall in the Australian dollar, often seen as a proxy for Chinese growth…

Japan considering tax breaks to promote investment in start-ups

(Reuters) – Japan is considering expanding tax breaks and loosening some rules to promote investment in start-ups as part of the second installment of the government’s economic growth strategy, the Nikkei newspaper reported on Saturday. Japan is also likely to say next month that it will lower the effective corporate tax rate to 20 percent from around 35 percent currently…

Daily Forex Market Review 02/19/14 (+75 pips)

Today’s Trade Result: +75 pips July 2013: +160 pips June 2013: +336 pips May 2013: -50.5 pips April 2013: +851.5 pips March 2013: +327.5 pips February 2013: +127.5 pips January 2013: +1107.5 pips December 2012: +29 pips November 2012: +35.5 pips October 2012: +259.5 pips September 2012: +112.5 pips August 2012: +365.5 pips July 2012: […]

Bank of Japan keeps policy target, extends special loan programs

(Reuters) – The Bank of Japan maintained its expansionary monetary policy on Tuesday and extended special loan programs to help buoy economic growth, signaling its resolve to keep the positive mood generated by premier Shinzo Abe’s reflationary policies from fading..

Nikkei undergoes correction, drops almost 2% on Monday

HONG KONG (CNNMoney) What goes up must come down: Shares in Tokyo fell almost 2% on Monday, continuing to erase last year’s runaway gains. The benchmark Nikkei has tumbled 10.3% so far this year. That means the index is now undergoing a correction, after posting…

Daily Forex Market Review 12/18/13 (+70 pips)

Today’s Trade Result: +70 pips July 2013: +160 pips June 2013: +336 pips May 2013: -50.5 pips April 2013: +851.5 pips March 2013: +327.5 pips February 2013: +127.5 pips January 2013: +1107.5 pips December 2012: +29 pips November 2012: +35.5 pips October 2012: +259.5 pips September 2012: +112.5 pips August 2012: +365.5 pips July 2012: […]

Japan Q3 GDP revised down sharply from annualized 1.9% to 1.1%

HONG KONG (CNNMoney) The Japanese economy suddenly looks weaker after the government revised its data for the third quarter. Gross domestic product — the broadest measure of economic activity…

Daily Forex Market Review 12/03/13 (+25 pips)

Today’s Trade Result: +25 pips July 2013: +160 pips June 2013: +336 pips May 2013: -50.5 pips April 2013: +851.5 pips March 2013: +327.5 pips February 2013: +127.5 pips January 2013: +1107.5 pips December 2012: +29 pips November 2012: +35.5 pips October 2012: +259.5 pips September 2012: +112.5 pips August 2012: +365.5 pips July 2012: […]

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