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© KYODOJapan Post Bank to invest Y500 bil yen in foreign funds
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fxgai
The cynic in me thinks they will subsequently find themselves having grossly mistimed this, or something...
Good luck, investing abroad is probably the right thing to do.
kurisupisu
Stock markets are at record levels and now is the time to be cautious about investment.
JP does realize this?
Wakarimasen
mostly when Japanese corporates or financials or funds invest overseas they end up taking a bath. for the sake of pensioners and the economy let's hope this is the exception.
Ray Payne
Whoa wait a minute Japan Post Bank!
To invest in medium size companies, how about Japan comes first.
After all your profits came from the Japanese people.
The government should step in and not let you take this huge investment out of Japan.
domtoidi
Here's a fun fact:
There are more investment funds than there are companies to invest in.
We're in a strange world.
fxgai
For the sake of shareholders, and taxpayers (to the extent that the government still owns shares in JP)
JP is on the privatization path, its mission is to earn money for its shareholders now. Diversifying some assets into foreign business is a prudent thing to do from a long term perspective. Besides, Abenomics has done nothing much to make for more attractive investment opportunities in Japan.
Wakarimasen
FX - really? Pensioners don't invest in or have money on deposit at Postbank? you don't think economy would suffer if Postbank racks up losses on these "investments"??
JeffLee
What planet are you on? Japanese stocks are global investors' favorite these days. A cavalcade of global investors have been arriving at Haneda, keen for a piece of the action.
https://www.reuters.com/article/us-global-stocks-japan-usa-analysis/japanese-stocks-long-shunned-attract-billions-of-foreign-dollars-idUSKBN1D15O3
fxgai
To the extent they own shares, they are shareholders. Many pensioners don’t own shares in JP.
And the savers have deposit guarantees.
Yes, to the extent that their shareholders are Japanese and undiversified.
To the extent they like Japanese stocks, which specific Abenomics policies do you claim is responsible for it? The article you quote mentions little of Abenomics, except for Kurodanomics., which has been going for 4.5 years already. I don’t believe that it has suddenly started to work now.
Therefore when the global economy rolls over, I am picking the Japanese economy will too because Abenomics hasn’t reformed it much at all.
With much of the foreign money being in long futures positions, there will be equivalent selling when those positions are closed. So enjoy it while it lasts, because it looks like yet another false start to me.
JeffLee
Corporate Governance code, introduced about a year and a half ago. Corporate tax cut. Aggressive monetary and fiscal stimulus. To name just a few.
Abe nominated Kuroda as BOJ chief, as an effort to launch Abenomics. There is no such thing as "Kurodanomics."
All of your predictions on this board have been wrong over the last couple of years, so it's not like I'm paying any attention to your latest outlook. Well, actually I do. I actually enjoy ripping apart your fallacies, and there's never any shortage of them.
fxgai
On corporate governance from your own article
So that doesn’t explain it.
Japan’s rates remain one of the highest in the developed world after timid cuts.
Yet your own article notes “stubbornly low inflation” so the former hasn’t achieved its stated objective, and the latter is standard LDP playbook, every year.
Your article even notes foreigners were net sellers of Japanese stocks in a prior period during the year.
By all means come tell us all how your Japanese stocks are doing next time the global economy rolls over.
JeffLee
@fxgai
Nice cherry picking!
The bit in the article directly following your quote states: "the Japanese economy nonetheless may be developing competitive advantages and that corporate reforms on issues like executive compensation are becoming more widespread."
As for the selloff earlier in the year, that was down to "fears over a confrontation with North Korea." Sorry, can't blame Abenomics for that. Anyway, the sellers are regretting doing that(!), and after re-assessing, are piling back into the market.
Yep, a bleak assessment, alright.
The difference between you and me are that I cite things that are actually happening in the real world to support my argument and earlier predictions. You constantly cite things that don't or haven't happened, or exist only in your imagination. You really don't have valid arguments, and your consistently wrong outlooks over the years are clear proof of that.
fxgai
... without offering specifics for any of that. Look if it’s good enough for you for someone to just say it, fine, but I am more discerning.
Guess the domestic demand is finally good enough for the consumption tax rate to be hiked then? Go on don’t be shy!
How very defensive.
The difference between you and me is that I think in the long term. You are but a short term speculator!
inkochi
Good LUCK with the overseas investment: overseas investment funds (or overseas units of Japanese investment funds) and overseas real estate.
I agree with commentators that there are lots of stock and start-up investment opportunities inside Japan. Or is investment here simply non-disclosed?
Also, the Japanese post office and all its enterprises had been (still is?) the largest agglomeration of capital in the world and was at a time just a bit more than Japan's government debt. One reason why I never was too concerned about Japan's public debt (250% or so) was that the government could just help itself to everybody's post office savings (like they did in Cyprus a few years ago). Now not so sure.