business

Uncertainty over U.S. stimulus drags shares lower

7 Comments
By ELAINE KURTENBACH

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7 Comments
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slow days.

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It's a sad statement of Japan's economy, when so much domestic ecoonomic well being is dependent on what the Federal Reserve will or will not do; mercantilism at its best.

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Dog, I believe it is due to a fact that world economy is pegged to US $. And the US currency has been losing value as you know the reason why. Sometime, this is a curse to us as we are dealing with higher price for all imported goods including gas.

FYI: I have been enjoying all your posts as always.

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globalwatcherJun. 18, 2013 - 02:27PM JST

Dog, I believe it is due to a fact that world economy is pegged to US $. And the US currency has been losing value as you know the reason why.

Yeah I know you're right, but I wish 2 of the next 3 big economies (I'm not as critical of China as you because I believe China, when it has a developed economy, will pull its weight), Japan and Germany, would stop playing the mercantile card and enrich their citizens, rather than their corporations, and stimulate the world economy by consumer spending.

The world economy cannot work on one engine, the US consumer, and needs the other two to pull their economic weight, rather than living of some outdated export model of the 50s, 60s and 70s.

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The world economy cannot work on one engine, the US consumer, and needs the other two to pull their economic weight, rather than living of some outdated export model of the 50s, 60s and 70s

Dog, right on.

Hope Japan will start taking structural changes in economy very seriously. Japan needs to pump new blood to the system. Japan needs to open windows for fresh air. Japan needs to change for new, hope, dream and future.

Japan cannot wait. When do you want to do it? "Imadeshoo?!"

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Like the tail wagging the dog.

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There are two main factors why the Japanese Nikkei225, a mistaken synonym for Japanese stocks, reacts sensitively to global and especially US economic data and Government policies. Firstly the composition of the Nikkei takes 225 large cap stocks, mostly having a large international exposure, out of the 2000 stocks listed on the Tokyo Stock Exchange and is a price based index of these companies. Secondly the Nikkei225 futures market, traded on three exchanges, is one of the largest globally traded markets with the "big guys" being the monster investment banks such as Goldman Sachs , Morgan Stanley, Credit Suisse, and Nomura. These investment banks trade the Nikkei in volumes of 10,000 contracts playing each other holding and selling short term positions ranging from only days to weeks. Now you tell me if the day to day fluctuations of the Japanese stock market has any correlation to the fundamental economics of the country.

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