Japan TMT Analyst

Pelham Smithers

Market Intel on Asian Tech with a Japan focus

Pelham Smithers Associates

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods. 

Research is provided by the following:
Pelham Smithers: Macro, consumer electronics, telecoms & pharma
Joel Scheiman: Electronics materials / components
Julie Boote: Autos
Will Nestuk: Capital goods, machinery & transportation equipment parts
Thao Nguyen: eCommerce, internet content, marketing & advertising

Equity Bottom-Up

<p>The decision by Seoul to put a bill before its parliament banning Bitcoin trading while at the same time investigating exchanges for tax evasion (not necessarily by the exchanges, as it could be by their customers), sent the price of Bitcoin down below US$14,000, but also led to a sell-off in Japan in stocks involved in Bitcoin trading. The latter move is somewhat ironic given that these exchanges are likely winners if Koreans are forced to trade Bitcoin on overseas exchanges, having been a beneficiary of a similar move by Beijing a year earlier. This, though, underscores the big problem in the Japanese stock market, which is the tangling up of the Bitcoin boom, with the overall digital currency story and the development of Blockchain. The stock market appears to view the three as perfectly fungible, which is an understandable error, but one all the more ironic given the likely role of digital currencies and, especially, Blockchain, in Japan's financial industry future.</p>

The decision by Seoul to put a bill before its parliament banning Bitcoin trading while at the same time investigating exchanges for tax evasion (not necessarily by the exchanges, as it could be by their customers), sent the price of Bitcoin down below US$14,000, but also led to a sell-off in Japan in stocks involved in Bitcoin trading. The latter move is somewhat ironic given that these exchanges are likely winners if Koreans are forced to trade Bitcoin on overseas exchanges, having been a beneficiary of a similar move by Beijing a year earlier. This, though, underscores the big problem in the Japanese stock market, which is the tangling up of the Bitcoin boom, with the overall digital currency story and the development of Blockchain. The stock market appears to view the three as perfectly fungible, which is an understandable error, but one all the more ironic given the likely role of digital currencies and, especially, Blockchain, in Japan's financial industry future.

Japanese Equities - Separating the Crypto Theme from Bitcoin Froth and the Blockchain Opportunity

Japan

SOLXYZ Co., Ltd. develops computer application software for business use.  The Company also provides system integration services as well as management and maintenance services for its clients' computer systems.

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Solxyz Co Ltd (4284 JP)

Japanese Equities - Separating the Crypto Theme from Bitcoin Froth and the Blockchain Opportunity

The decision by Seoul to put a bill before its parliament banning Bitcoin trading while at the same time investigating exchanges for tax evasion...

Pelham Smithers Associates

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