Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Thematic (Sector/Industry)

The South Korean President Park Geun-Hye was officially impeached today, with the South Korean Supreme Court upholding the impeachment decision. Most likely, the next South Korean Presidential election is likely to take place on May 9th. At this point, Moon Jae-In is the odds on favorite to become the next South Korean President, barring any major last minute catastrophes.Since late last year, the market has been pricing in both the official impeachment of President Park as well as who may…

The South Korean President Park Geun-Hye was officially impeached today, with the South Korean Supreme Court upholding the impeachment decision. Most likely, the next South Korean Presidential election is likely to take place on May 9th. At this point, Moon Jae-In is the odds on favorite to become the next South Korean President, barring any major last minute catastrophes.Since late last year, the market has been pricing in both the official impeachment of President Park as well as who may…

Doing bespoke work since 2002....., Custom Products Group

Patrick Hansen

Doing bespoke work since 2002.....

Custom Products Group

Custom Products was started 14 years ago at Lehman Brothers by current co-founder Patrick Hansen, CFA. After 3 years at Lehman, Patrick moved the team to Macquarie Securities where Simon Rigney (co-founder) joined. 3 years ago we took Custom Products independent. 

Our core strength can be summed up three words. 1- Customization - we have very little off the shelf products and most work is done on a one on one bespoke basis. 2- Speed - We pride ourselves in our ability to get requests back to the client very quickly. 3- Confidentiality - We do not redistribute. There is no grace period where we wait a week and then mass blast. Any request stops with that client.

BOJ about to Repeat its 2006 MistakeOn Wednesday, one of the BOJ’s most hawkish members, Takehiro Sato, suggested that achieving 1% inflation later this year could be a sufficient condition to allow 10-Yr JGB yields to rise above the BOJ’s 0.0-0.1% target range. Sato, who will be completing his 5-yr term in July, is correct in arguing that a steeper yield curve is probably healthier in driving economic activity (but this should not preclude driving the current policy rate more negative)…

BOJ about to Repeat its 2006 MistakeOn Wednesday, one of the BOJ’s most hawkish members, Takehiro Sato, suggested that achieving 1% inflation later this year could be a sufficient condition to allow 10-Yr JGB yields to rise above the BOJ’s 0.0-0.1% target range. Sato, who will be completing his 5-yr term in July, is correct in arguing that a steeper yield curve is probably healthier in driving economic activity (but this should not preclude driving the current policy rate more negative)…

Fintech, Real-time Big-Data Analytics Provider, Nowcast, Inc.

Ryota Hayashi

Fintech, Real-time Big-Data Analytics Provider

Nowcast, Inc.

We at Nowcast develop "Big-Data Economic Analytics Platforms".  We aim to revolutionize the financial markets by providing "accurate" and "real-time" analytics based on economic indicators and corporate activity data procured worldwide. 

Our Main Services

(1) Real-time Analytics
With our Nikkei CPI Now Index at our core, we provide real time analytics of global economic indicators such as POS Data. By utilizing Big-Data technology, we also provide real-time analytics of micro level data such as corporate earnings. 

(2) Big-Data Application Consulting
We too provide business consultation and conduct joint research on initiatives that strive to use data, such as from the operation capacity of construction machinery to number of passengers on railroad trains, as economic indicators. We provide continuous support to Data Scientists specialized in economics in their proposal stage, product development and up till its business development. 

(3) Monetary Policy Insights
With the proactive involvement of and support from from academicians in macroeconomics & key figures in the financial industry, we produce reports, conduct seminars and meetings that discuss about the forecast of financial markets, provide intellectual suggestions on asset allocation, etc. 

<ul><li>February 2017: BOJ core core rise for 2 consecutive months</li><li>The Nikkei CPINow T index (for January 2017) increased by 0.11%</li><li>The Nikkei CPINow S index (for February 2017) increased by 0.62%</li><li>This February 2017 Review is a part of the monthly report series which looks into analyzing the current developments in Japan's economy based on The Nikkei CPINow S index &amp; T index.</li></ul>

February 2017: BOJ core core rise for 2 consecutive monthsThe Nikkei CPINow T index (for January 2017) increased by 0.11%The Nikkei CPINow S index (for February 2017) increased by 0.62%This February 2017 Review is a part of the monthly report series which looks into analyzing the current developments in Japan's economy based on The Nikkei CPINow S index &amp; T index.

February 2017 Review of Current Developments in Japan's Economy

Asia Economist and CEO, Centennial Asia Advisors

Manu Bhaskaran

Asia Economist and CEO

Centennial Asia Advisors

At Centennial Asia Advisors, we tell it like it is. We have no vested interests, no need for a China wall, and no reason to skew our outlook any other way. With over 30 years experience covering Asia’s political economy, you can be sure our conclusions and analyses are based on the unadulterated facts. Through years of fine-tuning our research methodologies, we deliver a quality of macroeconomic analysis few other houses can match.

Centennial Asia Advisors is an independent research and advisory firm that works with governments, multilateral institutions, financial firms and leading MNCs.

Economic Policy and Strategic Advisors

Macroeconomics

South China Sea: US and China remain the key despite ASEAN efforts<ul><li>
US blows hot and cold with China: Despite US Secretary of State Tillerson’s amicable conversation with China’s State Councillor Yang Jiechi when they re-affirmed the importance of a constructive US-China relationship, a US carrier group led by the aircraft carrier USS Carl Vinson began ‘routine operations’ in the South China Sea. This appears to be a sign that the Trump Administration might want to push back harder on China’s…</li></ul>

South China Sea: US and China remain the key despite ASEAN efforts
US blows hot and cold with China: Despite US Secretary of State Tillerson’s amicable conversation with China’s State Councillor Yang Jiechi when they re-affirmed the importance of a constructive US-China relationship, a US carrier group led by the aircraft carrier USS Carl Vinson began ‘routine operations’ in the South China Sea. This appears to be a sign that the Trump Administration might want to push back harder on China’s…

US and China Push Their Respective Envelopes

Last month the BOJ made the timely release of the detailed minutes for bank’s Monetary Policy Meetings for the second half of 2006. The insights were particularly relevant given that the Bank had just ended Quantitative easing in March 2006 and debated the end to its ZIRP policy in July, with a shift from Quantitative easing policy to interest rate policy. By June 2006, the BOJ assets had fallen ¥32trn to ¥110trn., as current account reserves declined from ¥31trn to ¥10trn. At the July 14, 2006 BOJ meeting, members argued for a hike from 0 to 0.25%, claiming signs of inflation approaching their vague 0-1% goal were evident and that any hike postponement would create a negative surprise for the market that was expecting an end to ZIRP.1 Against this, the government, represented by the deputy finance minister, periodically huddling with MOF staff, argued that the end to ZIRP was premature when inflation was still tenuous. Nonetheless, the hike was adopted unanimously, despite reservations from MOF (causing MOF to issue a white paper a few days later outlining its preference for a commitment to low interest rates and clear inflation targets before further hikes occurred).

Last month the BOJ made the timely release of the detailed minutes for bank’s Monetary Policy Meetings for the second half of 2006. The insights were particularly relevant given that the Bank had just ended Quantitative easing in March 2006 and debated the end to its ZIRP policy in July, with a shift from Quantitative easing policy to interest rate policy. By June 2006, the BOJ assets had fallen ¥32trn to ¥110trn., as current account reserves declined from ¥31trn to ¥10trn.  At the July 14, 2006 BOJ meeting, members argued for a hike from 0 to 0.25%, claiming signs of inflation approaching their vague 0-1% goal were evident and that any hike postponement would create a negative surprise for the market that was expecting an end to ZIRP.1 Against this, the government, represented by the deputy finance minister, periodically huddling with MOF staff, argued that the end to ZIRP was premature when inflation was still tenuous. Nonetheless, the hike was adopted unanimously, despite reservations from MOF (causing MOF to issue a white paper a few days later outlining its preference for a commitment to low interest rates and clear inflation targets before further hikes occurred).

Central Bank Policy - Why 2018 Is Looking a Lot Like 2006 for the BOJ

Japan

Maxis Nikkei 225 Index Fund is an exchange-traded fund incorporated in the USA. The Fund will seek daily investment results, before fees and expenses, that track the performance of the Nikkei 225 Index.

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Maxis Nikkei 225 Index Fund (NKY US)

President Park Is Officially Impeached

The South Korean President Park Geun-Hye was officially impeached today, with the South Korean Supreme Court upholding the impeachment decision....

Douglas Kim

BOJ About to Repeat Its 2006 Mistake

BOJ about to Repeat its 2006 MistakeOn Wednesday, one of the BOJ’s most hawkish members, Takehiro Sato, suggested that achieving 1% inflation later...

Custom Products Group

February 2017 Review of Current Developments in Japan's Economy

February 2017: BOJ core core rise for 2 consecutive months The Nikkei CPINow T index (for January 2017) increased by 0.11% The Nikkei CPINow S...

Nowcast, Inc.

US and China Push Their Respective Envelopes

South China Sea: US and China remain the key despite ASEAN efforts US blows hot and cold with China: Despite US Secretary of State Tillerson’s...

Manu Bhaskaran

Central Bank Policy - Why 2018 Is Looking a Lot Like 2006 for the BOJ

Last month the BOJ made the timely release of the detailed minutes for bank’s Monetary Policy Meetings for the second half of 2006. The insights...

Custom Products Group

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