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%.
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.
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.
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.
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.
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 (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 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.
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.
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.
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.
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.
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.
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.
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.
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 […]
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.
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.
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.
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.
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.
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.
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.
Leading Japanese banking companies like Sumitomo Mitsui and Mizuho declared that they would realize investment gains by selling stock holdings on their latest earnings.
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.
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 returned 2.8% on November 19, 2015. Moody’s, the global credit rating agency, upgraded the bank’s outlook to positive in September 2015.
The Fidelity Advisor International Discovery Fund – Class A (FAIDX) requires a minimum initial investment of $2,500. There is no minimum for additional investments.
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 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 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 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.
Quantitative easing measures in Japan are making Japanese equity attractive. Abe’s third arrow of Abenomics should boost corporate profitability and, consequently, Japanese equity.
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 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.
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.
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.
Brown Advisory-WMC Japan Alpha Opportunities Fund doesn’t target a specific segment by market capitalization. Instead, it intends to be benchmark agnostic.
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.
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%.
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.
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).
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.
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.
Japanese Prime Minister Shinzo Abe is currently focused on shooting the “third arrow” of his Abenomics, which entails introducing certain structural reforms.
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.
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.
