Hideyuki's Feed
May 27, 2015

Rush to dollar assets costing Japanese investors dear

TOKYO, May 27 (Reuters) – Cash-rich Japanese banks are
paying almost as much extra to borrow dollars on the currency
swaps market as they did when they were fighting for survival
two decades ago, due to their insatiable appetite for
higher-yielding dollar assets.

Instead of buying dollars in the currency markets, Japanese
banks and investors can get dollars by swapping yen loans into
dollars using these over-the-counter derivatives instruments,
thus avoiding currency risks.

May 22, 2015

Japan stock market cap hits record, exceeds 1989 peak

TOKYO, May 22 (Reuters) – The market capitalisation of
shares listed on the Tokyo Stock Exchange’s main board hit a
record high on Friday, topping a 26-year peak and marking one
victory in Prime Minister Shinzo Abe’s campaign to jolt the
economy out of a long phase of deflation and stagnation.

The total market capitalisation of the TSE’s first section
rose to 591.30 trillion yen ($4.9 trillion), surpassing
the previous peak of 590.09 trillion yen hit in December 1989,
when share prices hit record peaks at the height of the Japanese
asset bubble.

May 21, 2015

Dollar not far from two-week high, takes Fed minutes in its stride

SYDNEY/TOKYO (Reuters) – The dollar stepped back in Asian trade on Thursday but held close to a two-week peak against a basket of major currencies as investors focused on the pace of the U.S. Federal Reserve’s coming interest rate hikes.

Minutes from the Federal Reserve’s April meeting contained no major surprises, doing little to change expectations that the Fed will probably wait until late this year before raising rates.

May 19, 2015

Dollar supported by higher yield, Greek anxiety weighs on euro

SINGAPORE/TOKYO, May 19 (Reuters) – The dollar held firm on
Tuesday in the wake of a rise in U.S. bond yields and as the
euro came under renewed pressure on persistent worries that
Greece may miss debt repayments next month.

The dollar last traded at 94.205 versus a basket of
six major currencies, having touched a high of 94.336 at one
point during the session, its highest level in nearly a week.

May 19, 2015

Dollar up on higher yield, euro bruised by Greek anxiety

TOKYO (Reuters) – The dollar held firm on Tuesday after U.S. bond yields jumped and as the euro came under renewed pressure on persistent worries that Greece may miss debt repayments next month.

The dollar gained about one percent against a basket of six major currencies on Monday. It last stood at 94.132 .DXY, having bounced back from four-month low of 93.133 hit last Thursday.

May 18, 2015

Asia shares struggle after data raises more questions on U.S. economy

TOKYO (Reuters) – Asian shares struggled on Monday after soft data raised more questions about the health of the U.S. economy.

MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed while Japan’s Nikkei share average edged up just 0.1 percent, despite stronger-than-expected orders.

May 18, 2015

Shares struggle after data raises more questions on U.S. economy

TOKYO (Reuters) – Asian shares struggled on Monday after soft data raised more questions about the health of the U.S. economy.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was little changed while Japan’s Nikkei share average .N225 edged up just 0.1 percent, despite stronger-than-expected orders.

May 8, 2015

Asian shares firm, sterling jumps on UK exit polls

TOKYO (Reuters) – Asian shares held firm on Friday on signs global bond markets are stabilizing after a big selloff and sterling jumped about one percent after UK exit polls forecast the ruling Conservatives taking the most seats in parliament.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was little changed while Japan’s Nikkei .N225 ticked up 0.2 percent from one-month low hit on Thursday.

May 7, 2015

Dollar struggles on soft data, sterling awaits election

SYDNEY/TOKYO (Reuters) – The dollar languished near its lowest levels in over two months against a basket of major currencies on Thursday, under renewed pressure from disappointing U.S. data, while a further spike in German bond yields supported the euro.

Figures on Wednesday showed U.S. private sector employers in April hired the fewest workers in more than a year, raising a red flag for nonfarm payrolls due on Friday.

Apr 30, 2015

Japan fund managers maintain stock weightings in April, U.S. preferred

TOKYO (Reuters) – Japanese fund managers kept overall allocations of stocks and bonds largely unchanged in their model portfolios in April but raised weightings on U.S. stocks and bonds, a Reuters survey showed.

A survey of seven Japan-based fund managers, conducted between April 16 and 23 found respondents on average wanted to allocate 44.1 percent of their funds to equities, unchanged from March.