16 ordspråk av Takashi Kamiya
Takashi Kamiya
A slowdown in the housing market suggests possible declines in consumption. That would be a negative factor for Japanese exporters.
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All the economic indicators, including industrial production, are pointing to improvement. That will help bolster investors' confidence in the equity market.
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Basically any Japanese stocks can be bought. Strong output is having a ripple effect on other things such as wages and consumption.
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Cheaper oil prices will reduce inflation in the U.S. and that's quite positive for the U.S. economy.
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Earnings have yet to catch up to the shares, which gained on anticipation that the economy will improve. That will keep a lid on shares in the short term.
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Exporters are gaining as a strong start to holiday sales eased concerns over any sudden slowdown in the U.S. economy, which has been a worry.
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Foreign investors are buying Japan with confidence. With economic recovery in sight, the investment environment is quite good.
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Market sentiment is a bit negative now, but I'm a long- term bull when it comes to Japanese stocks. Getting away from zero rates will enable monetary policy to return to normal and shows the economy is finally back on track.
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No matter when the BOJ scraps quantitative easing, the move should be considered positive because that shows the central bank sees Japan's economy as solid enough to bear that.
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Once interest rates start to rise, the present value of developers' future earnings will start to decrease.
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Real estate stocks have had a good run, but once interest rates start to rise, the present value of developers' future earnings will start decrease. Shipping lines are in for a tough time.
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Shipping lines are in for a tough time.
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The fear is that foreigners have stopped buying. The yen's weakness has been a catalyst for people to get out of banks and into exporters.
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The Fed minutes were a positive surprise as investors hadn't anticipated an end to interest rate increases at the time of the meeting. With strong earnings results both at home and in the U.S., all the good news came out at the same time and encouraged investors to bet on stocks.
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We can say we've put the worst of the asset bubble burst behind us. This is a big step.
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