Posts Tagged ‘ abenomics ’

The magic words to make Nikkei BOOM !

This did make me laugh !


BOJ Leaves Policy Unchanged

Bank of Japan maintained its unprecedented monetary easing. Signs of strength in the economy and price gains point to progress in its effort to end 15 years of deflation! The end is is near ? Or is it ?

The BOJ will expand the monetary base at an annual pace of 60 trillion yen ($602 billion) to 70 trillion yen, it said in a statement in Tokyo today. That’s nearly the same as the GDP of Turkey !

-Consumer prices climbed the most in five years in July

BOJ Governor Haruhiko Kuroda indicated after last month’s policy board meeting that a delay in raising the sales tax could undermine confidence in Japan’s fiscal sustainability and lead to higher government bond yields.
The central bank committed in April to double the monetary base through purchases of government bonds and other financial assets, aiming to generate 2 percent inflation within about two years.

Now lets see if we win the Olympics .


PM Abe looks to win 60% of seats : Nikkei and Yen will have ride tomorrow !

Japanese Prime Minister Shinzo Abe has won a majority in the upper house, exit polls suggest , as polls closed at 8pm on Sunday .

His Liberal Democratic Party and its junior partner New Komeito were set to get at least 71 of the 121 seats .
Not sure if this is correct but this is what’s on tV NHK projected.

This would be a huge boost for Abe and his “Abenomics ” would give him control of both houses of parliament for the first time in six years! I said begging the year Abe was placing his Generals in place to declare war on deflation , this is the last piece .

Watch the market tomorrow I see 3% up and yen weaker

It’s going to be a fantastic week

Lets lock and load .

Tony Evans


Japan goes to the polls – What will this mean for the Japan / Yen ?

Today is a day when history could
be made in Japan , when the PM will have the means and also the popularity to do the necessary changes to the country .
As someone who has been in Japan for over 8 years this is very exciting as this could in my opinion see the the country go through another boom economically wise .

Public opinion polls indicate that Prime Minister Shinzo Abe’s ruling bloc will win. public option polls show a 60% approval rating for the PM , the highest in any industrialised nation . A victory would give Mr. Abe’s Liberal Democratic Party and the junior partner New Komeito control of both houses of parliament.At stake are 121 seats, half of the upper house seats.

Control of both chambers will remove political obstacles to Abe’s agenda or as the commonly known as ” Abenomics policy ” a sort of Thatcherisim in Japan .

Supporters see that this will give him him free reign to force unpopular changes on Japan’s long under-performing economy.
A key point is to reform of the labour market to make it easier for firms to hire and fire workers, participation in a huge free trade pact and a rise in consumption tax, which economists say will help to slow the pace of growth in the already sky-high national debt.

This is his 3 arrow of Abenomics policy to make Japan grow once again.
We already seen the Bank of Japan flood the market with cheap money , today’s win for the PM could see the value of the Yen weakening even further .

Lets see how this goes , All I can say its not boring.

Tony Evans
Tokyo , 21st July 2013
Tokyo American Club

Bloomberg Coverage


Central Bank says Japan is ‘recovering’

The Bank of Japan issued a more upbeat assessment of the Japanese economy on Thursday, saying for the first time in more than two years that conditions were recovering.

TBOJ stuck with a pledge to expand the monetary base by 60 to 70 trillion yen ($709 billion) per year, as the economy is starting to recover moderately.

On this news the yen strengthened vs the USD to 98.76 .

What’s key for Abenomics is Prime minster is to win the July 21 election , this would end the split parliament , this would enable Abe to push through changes to increase the competitive of Japan economy .Lets see!

Abenomics has had such a great effect on changing the mood in Japan , that’s a huge success but isn’t enough to make Japan grow .

Bank of Japan – Economy is indeed recovering
For the first time in more than two years, the Bank of Japan issued an optimistic statement about the state of the economy, saying that conditions were recovering.

In a self-praising move, the BoJ said that the aggressive monetary easing measures it implemented in April are working to stimulate the economy and reverse consumer-price deflation.

Following a two-day policy meeting, the bank said in a statement that, “Japan’s economy is starting to recover moderately”.

This therefore signals that the central bank is unlikely to take additional steps soon.

The announcement marks the first time since early 2011 that the bank formally described the economy as being on an expansionary path. In fact, the bank’s official view has steadily brightened over the past six months.

Under Governor Kuroda, who took over last March, the BoJ has been pumping an unprecedented amount of money into the economy through increased purchases of government bonds. The board said on Thursday that it would stick with its goal of expanding Japan’s monetary base at a rate of Y60tn to Y70tn a year.

Following the announcement, the yield on the 10-year Japanese government bond has traded in a tight range between 0.79 and 0.96% for nearly two months now.

Tony Evans

Profits And Growth – Is Japan On The Right Track With Abenomics – iExpats

Just saw this article on Abenomics and how’s it’s helping the country move forward .

Good read

Tony Evans


Profits And Growth – Is Japan On The Right Track With Abenomics – See more at:


Japan exports improve most since 2010 over 10%

We seeing Abenomics arrow 1 & 2 having a huge effect on the exports.
That’s one full quarter of improving result , showing that the market is going right way .

Lets hope this continues .the big test will be the up and coming election , if Abe wins then we can see some proper structural changes , if he gets 2/3 majority we can see some constitutional changes !

The third arrow missed the target the first time hope his next aim is better

Japan exports improve most since 2010.

It has been three years since Japan enjoyed this level of exportation. In May, shipments shot up 10.1% from the previous year, marking the third consecutive month of improvement.

Shipment exports picked up in key markets such as the US, rising 16.3% from a year earlier, whilst shipments to China increased 8.3%.

A weaker Yen boosted exporters’ business in May, as it made Japanese goods cheaper overseas, thus increasing profits in an industry that Japan largely depends on.

Such positive date therefore boosts Prime Minister Shinzo Abe’s plan to revive the economy.

Morgan Stanley Analyst Shuji Tonouchi explained that the breakdown shows that export volumes are still a little weak, but demand from the United States is ‘doing well’. Overall, he added, “We can certainly say that exports are headed in the right direction”.

On the other hand, imports also rose by 10% in May from a year ago and therefore, the trade balance came to a deficit of 993.9bn yen. This marks the 11th straight month that Japan has posted a deficit, as energy import costs continue to be high after nuclear plants were shut down.


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