Salient to Investors: Manish Singh at Crossbridge Capital said the broad expectation is there will be no disaster over the fiscal cliff, and investors are getting excited about Japan again. Read the full article at http://www.bloomberg.com/news/2012-12-21/european-stocks-post-fifth-weekly-gain-sbm-shares-surge.html. Click here to receive free email alerts of articles as soon as they are posted.
READ MORE... →Salient to Investors: Peter Oppenheimer at Goldman Sachs said: Quantitative easings have left little value in the credit markets, so investors should look for returns in European equities over bonds. The STOXX Europe 600 could see annual returns of more than 7 percent despite stagnation in the euro area. Because of a net absence
READ MORE... →Salient to Investors: Mary Brinton at Harvard said Japan suffers from a play-it-safe mentality which focuses more on potential downsides rather than on opportunities. Brinton and Toshio Yamagishi at Tamagawa University say the breakdown of the lifetime employment system may be the main anxiety that leads people to play it safe – there’s still a prejudice against hiring
READ MORE... →Salient to Investors: Koji Toda at Resona Bank said people are buying Japanese shares because prices are too low, even with the economy in a rut. Kathy Matsui at Goldman Sachs predicts the Topix will reach 930 within a year and profits will rise 20 percent in the fiscal year starting in April. Matsuis expects the LDP,
READ MORE... →Salient to Investors: WWW.COASTWIDEDRIVING.COM.AU/WP-CONTENT/UPLOADS/2013/05/13/ James Hunt at Tocqueville’s International Value Fund is bullish on Japan despite its poor demographics, huge public debt and weak growth prospects. Hunt says everyone thinks Japan is sinking into obscurity but he sees excellent global franchise businesses at attractive valuations. Hunt says it has been a
READ MORE... →Salient to Investors: Yutaka Miura at Mizuho Securities said the Nikkei 225 has advanced on bullish signals including a double-bottom on November 19 above its 200-day moving average and a break out of resistance on an ichimoku chart, but volume must increase to maintain momentum and advance further. Read the full article at http://www.bloomberg.com/news/2012-11-21/nikkei-225-rally-may-falter-as-volume-wanes-technical-analysis.html
READ MORE... →Salient to Investors: Masaru Hamasaki at Toyota Asset Mgmt said: Investors expect further BOJ stimulus but are also losing hope that big enough steps will be taken. Japanese shares are outperforming versus overseas markets because the yen’s strengthening trend has eased. The 2 percent growth of US GDP was certainly good as the headline,
READ MORE... →Salient to Investors: Goya Nakao at Sompo Japan Nipponkoa Asset Mgmt said monetary easing won’t create demand, and catalysts for a market rebound are missing – there’s some improvement in sentiment in Europe, the U.S. economy is weakening, and the timing of a rebound in China is being pushed back. The
READ MORE... →Salient to Investors: Toru Higuchi at Japan’s Teachers’ Mutual Aid Co- operative Society will start investing in REITs and hedge funds. Japan’s has the world’s second-largest retirement pool, after the U.S., with only 6 percent in alternative assets versus 25 percent in the U.S. and 24 percent in Australia. Read the full article at
READ MORE... →Salient to Investors: Isao Kubo at Nissay Asset Management said all the data yesterday points to a slowdown, and we can’t expect immediate stimulus measures. Kubo said Japanese stocks are resilient because of the yen, the biggest barometer for Japan’s corporate outlook. The Topix sells for 0.88 times book value. Tomoichiro Kubota at Matsui Securities said employment and housing
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