Canon Announces Its New Investment Plans
Canon (CAJ) reported 2Q16 net sales of 860.2 billion Japanese yen (about $8.4 billion), which represents a fall of 11.7% from its net sales of 974.4 billion yen (about $9.5 billion) in 2Q15.
Stock Selection Saves the Nuveen Tradewinds Japan Fund – A
The Nuveen Tradewinds Japan Fund – A (NTJAX) fell 4.4% in August from a month ago. In the three-month period ended August 31, it fell 2.1%, the third least faller.
How the Deflationary Environment Impacts Japan’s Economic Growth
Despite persistent deflation, Japan’s (EWJ) economy is growing at a slower pace, and its 3Q16 growth exceeded expectations as exports recovered.
Global Economic Slowdown Taking a Toll on Canon
Canon (CAJ) has a market cap of $36.6 billion. It fell by 3.3% to close at $27.30 per share on July 26, 2016.
JPMorgan Chase Downgrades Canon’s Rating
After JPMorgan Chase downgraded the stock from “overweight” to “neutral,” Canon fell by 3.0% to close at $28.45 per share as of January 7, 2016.