Mitsubishi UFJ Financial Group Inc
Moving Average Analysis of EWJ’s Banking Industry
On December 31, 2015, the banking industry of the iShares MSCI Japan ETF (EWJ) returned -0.4%. The Wisdom Tree Japan Hedged Equity ETF (DXJ) fell by 1%.
Key Highlights of Japan’s QQE with Yield Curve Control
The Bank of Japan will set two interest rates: a short-term policy rate and an operating target for long-term interest rates. These rates will serve as guidelines for market operations.
Monetary Easing and Financial Intermediation in Japan
Maintaining confidence is key to raising inflation expectations, and the Bank of Japan intends to control the yield curve in order to guide inflation expectations.
Tough Times for FAIDX So Far in 2016
As of August’s end, 2016 has been a horrible year for FAIDX. The fund stands dead last among the 12 funds chosen for this review.
What Are the BoJ’s Projections for Economic Activity in Japan?
The Bank of Japan gave its economic outlook after the monetary policy meeting on July 29. The weak data are due to the slowdown in emerging economies.
Volatility in the Japanese Yen before the BoJ’s Meeting
The Japanese yen gained strength during mid-July due to growing uncertainties surrounding the BOE’s (Bank of England) monetary policy.
Tech Stocks Have Helped the Invesco Pacific Growth Fund in 2016
The Invesco Pacific Growth Fund – Class A (TGRAX) has been an above average performer.
How the BlackRock Pacific Fund’s Portfolio Has Shifted in 2016
The BlackRock Pacific Fund uses a combination of bottom-up stock picking and top-down macro analysis while constructing its portfolio.
A Dismal YTD 2016 for the Fidelity Advisor Overseas Fund
The Fidelity Advisor Overseas Fund – Class A (FAOAX) is positioned for a consumption-driven upturn, and it has preferred tech stocks over financials.
Which Companies Issued the Most High-Grade Bonds Last Week?
US financials dominated the primary market for high-grade bonds in the week ended April 22, 2016, making up 74.0%, or $13.1 billion, of all issues.
Investment-Grade Corporate Bond Issuance Fell Last Week
Investment-grade corporate bonds worth $17.7 billion were issued in the primary market in the week ended April 22, 2016.
The Invesco Pacific Growth Fund Sees Turbulence in 2016
From a purely net asset value return standpoint, the Invesco Pacific Growth Fund Class A (TGRAX) fell the least among its peer group during the one-year period ending March 31, 2016.
Why You Might Reconsider Investing in the BlackRock Pacific Fund
From a purely net asset value return standpoint, the (BlackRock Pacific Fund Investor A Shares) MDPCX figured among the bottom three funds in its peer group in 1Q16.
What’s Jamie Dimon’s Outlook for Chinese Banks?
Jamie Dimon, JPMorgan Chase’s (JPM) CEO and chairman, thinks the Chinese economy (FXI) has the potential to house 30% of the world’s largest companies in the next 20–30 years.
Johnson & Johnson Led High-Grade Bond Market Last Week
Johnson & Johnson (JNJ) issued Aaa/AAA rated high-grade bonds worth $7.5 billion on February 25. US corporates dominated the primary market for high-grade bonds in the week ended February 26.
Investment-Grade Corporate Bond Issuance Records Highest Issuance
Investment-grade corporate bonds worth $51.4 billion were issued in the primary market in the week ended February 26, 2016. This was the highest recorded in February.
Japanese Financial ETF DXJF Is in a Bearish Trend in 2016
The WisdomTree Japan Hedged Financials (DXJF) seeks to provide exposure to the Japanese financial sector.
How Is FAIDX Doing following Its Tough Month in January?
The Fidelity Advisor International Discovery Fund – Class A (FAIDX) was launched in December 1986.
Why the High Volatility of the Japanese Yen in Recent Months?
The US dollar–Japanese yen currency pair has been one of the most volatile developed country currencies in the past six months. The Japanese yen saw heavy appreciation in August.
A Performance Breakdown of the Invesco Pacific Growth Fund (TGRAX)
In NAV (net asset value) terms, in the one year period ending January 2016, Invesco Pacific Growth Fund (TGRAX) came in second place among our nine funds.
Performance Breakdown of the BlackRock Pacific Fund (MPCX)
In NAV (net asset value) terms, in the one-year period ending January 2016, the BlackRock Pacific Fund (MDPCX) came in seventh among our nine funds.
Meet the BlackRock Pacific Fund (MDPCX)
The BlackRock Pacific Fund (MDPCX) invests at least 80% of its net assets in equities of companies located in Far Eastern or Western Pacific countries.
How Is the Japanese Yen Gaining Strength?
The US dollar to Japanese yen currency pair, which is inversely related to the Japanese yen, had a remarkable week beginning Monday, February 1, 2016. It fell from close to 121 to a low of 115.
Bank of Japan Surprised the Markets with a Negative Interest Rate
The US dollar-Japanese yen currency pair is inversely related to the Japanese yen. It rose to a high of 121.68 after the BoJ’s (Bank of Japan) monetary policy.
Why the Matthews Japan Fund Was the Best-Performing Fund in 2015
The Matthews Japan Fund – Investor Class (MJFOX) fell 0.4% in December 2015 from the previous month. In the three- and six-month periods ended December 31, the fund rose 10.4% and fell 1.2%, respectively.
The Japanese Housing Sector Sent a Mixed Signal in December
According to the Ministry of Land, Infrastructure and Transport, Japanese housing starts fell 1.3% in December YoY as compared to a rise of 1.7% in November.
What Contributed to the Rise in Japanese Inflation in December?
The target inflation rate set by the B0J (Bank of Japan) stands at 2.0%. However, the December inflation is much lower than the target inflation rate.
Japan’s Service Activity Saw Modest Expansion in December 2015
Japanese services PMI slightly changed at 51.5 in December The service sector accounts for ~72.6% of Japan’s GDP. According to Markit, Japan’s services PMI (purchasing managers’ index) dipped slightly to 51.5 in December 2015, as compared to 51.6 in November 2015. As a result, the iShares MSCI Japan ETF (EWJ) and the WisdomTree Japan Hedged Equity […]
Japanese Yen Expects a Strong Start in 2016
The BoJ made it clear that a strong yen isn’t something that it wants. The expectations of a strong yen are mainly due to the economy.
Unemployment Rises in Japan
According to Japan’s Ministry of Internal Affairs & Communications, the unemployment rate rose to 3.3% in November 2015, as compared to 3.1% in October 2015 and 3.5% in November 2014.
Japan’s Household Spending Fell with a Drop in Income
Household income in Japan fell 1.8% YoY (year-over-year) in November, despite rises in new orders and production levels.
Japan’s Inflation Rate Remained Unchanged in November
With an increase in food prices by 2.9%, Japan’s CPI remained relatively unchanged on a YoY basis in November, recording the same increase of 0.3% seen in October 2015.
Capital Spending May Help Japan’s Economy to Grow at 1.7% in 2016
After sliding for two consecutive quarters, Japan’s economy has advanced 0.3% in 3Q15. This comes as a relief to the ailing Japanese economy.
Japanese Yen Gains against the Dollar after BoJ’s Policy Release
The US dollar-Japanese yen currency pair is inversely related to the Japanese yen. It fell by more than 1% on December 18 after the BoJ’s monetary policy.
Obayashi Led EWJ, Plans to Dump Its Cross-Held Shares
EWJ’s top stocks were Obayashi, Maruichi Steel, and Japan Retail Fund Investments. They returned 1.9%, 1.7%, and 1.6%, respectively.
Japanese Yen Rose Slightly Due to Safe-Haven Demand
The Japanese yen was trading with a slightly stronger bias against the US dollar on December 14, 2015. Investments increased in the safe-haven currency.
DXJF Is in a Bearish Trend
On December 11, 2015, DXJF closed at $25.57. This was below its 100-day, 50-day, and 20-day moving averages of $27.71, $27.39, and $27.47, respectively.
Japanese Yen Rose on Positive GDP Numbers
The Japanese yen gained early on December 8, 2015, as GDP (gross domestic product) figures were upwardly revised.
Amada Holdings Was EWJ’s Top Stock, Upgraded by Mitsubishi UFJ
On Monday, December 7, 2015, the stocks at the top of the iShares MSCI Japan ETF (EWJ) were Amada Holdings, Mixi, and TDK.
Japan’s Retail Sales Rebounded in October
According to Japan’s Ministry of Economy, Trade and Industry, retail sales rose 1.8% YoY (year-over-year) in October, as compared to the downwardly revised 0.1% decline in September 2015.
Japan’s Industrial Production Will Likely Be Gloomy in December
With a rise in production and shipments, Japan industrial production rose by 1.4% in October—compared to a rise of 1.1% in September 2015.
Banking Stocks Dragged Down EWJ for the Second Straight Day
To understand what drove EWJ and what pulled it down on November 27, 2015, it’s important for investors to analyze the performance of the various industries in EWJ that day.
Banking Stocks Dragged down EWJ on November 25
Leading Japanese banking companies like Sumitomo Mitsui and Mizuho declared that they would realize investment gains by selling stock holdings on their latest earnings.
Overall Snapshot of the Market on November 25
On November 25, the SPDR S&P 500 ETF closed on a flat note ahead of the holiday. It closed at $209.3. The Energy Select Sector SPDR ETF fell by 0.81% on the day.
Russia versus Turkey and the Demand For Safe-Haven Currencies
The rise of geopolitical tension in Syria Today, on November 24, with Turkey shooting down a Russian plane near the Syrian border, meant that there was again demand for safe-haven currencies.
Fukuoka Financial Group Led EWJ, Toyota Lagged
Fukuoka Financial Group returned 2.8% on November 19, 2015. Moody’s, the global credit rating agency, upgraded the bank’s outlook to positive in September 2015.
Japanese Yen Strengthens as BoJ Keeps Monetary Policy Unchanged
The US dollar to Japanese yen currency pair fell by 0.59% on November 19. The pair fell to a low of 122.6, before closing the day at 122.9.
The Fidelity Advisor International Discovery Fund – Class A (FAIDX)
The Fidelity Advisor International Discovery Fund – Class A (FAIDX) requires a minimum initial investment of $2,500. There is no minimum for additional investments.
Japanese Yen Fell Due to the Disappointing GDP
The US dollar-Japanese yen currency pair rose nearly 0.8% on November 16. The currency pair reached a high of 123.3 before closing for the day at 123.2.
DXJF Crosses below Its 20-day Moving Average on October 30
DXJF is the only ETF to provide exposure to Japanese financial stocks. Trading activity in the DXJF fund has been scarce, with only a few thousand shares trading hands each day.
The Japanese Yen Rises as the Bank of Japan Holds Further Easing
The Japanese yen rose versus the US dollar on October 30, 2015, as the Bank of Japan kept rates unchanged at 0.1%.
Why Japanese Equity Should Continue to Remain Attractive
The case for Japanese equity is based on corporate profitability, corporate reforms for sustainable growth, and Japanese equities that continue to be the cheapest in the developed world.
Japanese Equity: Cheap Valuations, Rising Dividends, Focus on ROE
Japanese equity is significantly cheaper than US equity and other developed markets, based on revenue. With corporate reforms underway, corporate profitability is set to gain further in Japan.
Abe’s ‘Third Arrow’ to Benefit Investors in Japanese Equity
Quantitative easing measures in Japan are making Japanese equity attractive. Abe’s third arrow of Abenomics should boost corporate profitability and, consequently, Japanese equity.
Analysis of the iShares MSCI Japan ETF and Its Top Performers
An analysis of the iShares MSCI Japan ETF will tell us about more about its Volatility, showing the fluctuation in periodic returns from average returns.
The EWJ ETF Fell Ahead of Bank of Japan Meeting
The EWJ ETF is an indicator of the Japanese equity market. On October 27 it fell by 0.80% from the previous trading session, ahead of the Bank of Japan’s meeting.
Japanese Yen Rallies, Offsetting Lask Week’s Plunge
The Japanese Yen rallied against the US dollar on October 27, 2015, after a massive fall in the currency last week.
EWJ’s Sectoral Composition and Industry Performances
The iShares MSCI Japan ETF (EWJ) fell 0.08% from the previous day to close at $12.50 on October 26 ahead of the Bank of Japan’s monetary policy review on Friday, October 30.
How Did the Components of EWJ Perform?
The iShares MSCI Japan ETF (EWJ) is a well known US-traded ETF that provides exposure to Japanese equities.
Malaysian Ringgit Rises Due to the Financial Budget
The Malaysian ringgit rose against the US dollar on October 23. The financial budget by Prime Minister Najib Razak was framed to woo investors.
Assessing the Fidelity Japan Fund (FJPNX): Historical Overview
The Fidelity Japan Fund invests at least 80% of its assets in securities of Japanese issuers and other investments that are tied economically to Japan.
The Brown Advisory-WMC Japan Alpha Opportunities Fund (BIAJX): Overview
Brown Advisory-WMC Japan Alpha Opportunities Fund doesn’t target a specific segment by market capitalization. Instead, it intends to be benchmark agnostic.
Why Does Japan Need to Focus on Productivity Growth?
For Japan, a major obstacle to the productivity growth in the economy is still its demographics. The median age in Japan is 46 years.
What Investors Should Know about the T. Rowe Price Japan Fund
As of the end of July 2015, the T. Rowe Price Japan Fund (PRJPX) had assets worth $330.43 million. Its expense ratio is 1.05%, and it doesn’t charge a 12b-1 fee.
Key Facts about the Fidelity Advisor Japan Fund – Class A
The Fidelity Advisor Japan Fund – Class A (FPJAX) is an offering by Fidelity Investments. The fund has assets of $543.2 million as of August 2015. Its net expense ratio is 1.23%.
Growth in Japanese Housing Starts Slowed in July 2015
Japanese housing starts rose in July 2015, but their pace slowed compared to a month ago. Housing starts rose by 7.4% in July compared to a year ago.
New Order Growth Strengthened Japan’s August Manufacturing Report
The flash reading for the Japan Manufacturing PMI was up for August. The index came in at 51.9 for August against July’s 51.2.
How Does the Macroeconomic Picture of Japan Look?
Policymakers and investors have been worried about Japan’s debt burden becoming unmanageable. The International Monetary Fund noted that Japan’s debt could near 300% of its GDP mark by 2030.
Asian Currencies Follow China’s Cue of Yuan Devaluation
The PBOC (People’s Bank of China) surprised markets and devalued their currency by 2% against the US dollar on the back of some weak data
Bank of Japan Maintains Ultra Eased Monetary Policy
Bank of Japan governor Haruhiko Kuroda kept the rates unchanged at 0.1% in the monetary policy statement announced on Friday.
The DXJ and DBJP ETFs: How Do They Compare?
The total number of holdings in the WisdomTree Japan Hedged Equity ETF (DXJ) is 329, whereas the total is 316 for the Deutsche X-trackers MSCI Japan Hedged Equity ETF (DBJP).
DXJ and DBJP: Comparing Japan’s Hedged Equity ETFs
The WisdomTree Japan Hedged Equity ETF (DXJ) offers exposure to the Japanese equity market and hedges its risk of fluctuations between the US dollar and the Japanese yen.
IMTM Is Exploring New Depths in Momentum Strategy Investing
The iShares MSCI International Developed Momentum Factor ETF (IMTM) uses a momentum investment strategy that’s similar to GMOM.
International Monetary Fund: Global Economy to Slow Down in 2015
In this series, we’ll look at the International Monetary Fund’s expectations for economic growth around the world, and we’ll explore how these projections might affect your investments.
Structural Reforms Could Reshape Japan’s Political Economy
Japanese Prime Minister Shinzo Abe is currently focused on shooting the “third arrow” of his Abenomics, which entails introducing certain structural reforms.
Which Parts of Japan’s Economy Most Need Reform Right Now?
Japan needs to work on reducing the regulatory, political, and social barriers that hinder productivity and profitability in its economy.
Shinzo Abe’s Third Arrow: Structural Reforms to Boost Japan’s Growth
Abenomics is a three-pronged approach that Japanese Prime Minister Shinzo Abe likes to refer to as his “three arrows.”
Consumer Confidence Up in Japan—EWJ Rises by 1.22%
Consumer confidence is growing in the land of the rising sun, according to a report released by the Cabinet Office in Japan. Abenonics appear to be working.
Japan Outperforms While Manufacturing Growth Is Muted
The flash reading for the Japan Manufacturing PMI deteriorated slightly in June. The index came in at 49.9 for June against May’s 50.9.
Japan Outperforms Markets So Far this Year
So far, Abe’s policy has worked well for Japan. Japanese stocks are up by almost 70%— local currency—since late 2012, which coincides with the election of reformist Prime Minister Shinzo Abe.
Why the G20 thinks that structural reforms are important
Usually governments are reluctant to pursue structural reforms. The reforms are difficult and complex to undertake. They can face stiff opposition.