As Kuroda pointed out, the primary reason inflation hasn’t risen in Japan is what he calls the deflationary mindset—the view that prices will not rise.
Given the two major changes brought about by Statistics New Zealand, markets should view this unemployment release as a benchmark for upcoming releases.
As of February 2016, the Vanguard Pacific Stock Index Fund was managing assets worth $5.2 billion, making it the largest fund in this review by asset size.
In NAV (net asset value) terms, in the one year period ending in January, the Vanguard Pacific Stock Index Fund (VPACX) came in fourth place among our nine.
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.
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.
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.
A Janus Capital (JNS) report for 2015 outlook by Bill Gross stated, “We like Japanese and European equities due to cheap valuations and monetary boosters.”
Manufacturing activity in Japan, represented by the Nikkei Japan Manufacturing PMI, rose in August, with the indicator rising to 51.7 points from 51.2 in July.
Frankly, you could say Japan is a bargain. Normally, the greater the demand for a country’s equity, the higher the price. Japan seems to be an exception to this rule.
