Japan Economist, Japan Macro Advisors

Takuji Okubo

Japan Economist

Concise and Insightful Analysis on Japan Economy

Japan Macro Advisors

Our mission is to provide a concise and timely analysis on the Japanese economy for the benefit of global audiences. Communication, especially in foreign languages, has always been a weakness for the Japanese, which was fine when Japan's economic might attracted foreign media and various other institutions to study and report on Japan - such days are long gone. In the last two decades, we saw foreign institutions reallocating their resources from Japan to other more exciting parts of the world. As a result, when we read reporting on Japan in foreign media, we sense a subtle but noticeable decline in the depth of understanding what is actually happening in Japan.

Macroeconomics

On February 9, the Japanese government leaked their intention to reappoint the BoJ governor Haruhiko Kuroda when his current term expires on April 8. What are the key challenges for Mr. Kuroda in the next 5 years? On the upside, Mr. Kuroda may need to engineer an exit from the current stimulative monetary policy. On the downside, there is the seemingly impossible task of how to devise additional stimulus if the Japanese economy faces a downturn under his watch.  An exit from the current…

On February 9, the Japanese government leaked their intention to reappoint the BoJ governor Haruhiko Kuroda when his current term expires on April 8. What are the key challenges for Mr. Kuroda in the next 5 years? On the upside, Mr. Kuroda may need to engineer an exit from the current stimulative monetary policy. On the downside, there is the seemingly impossible task of how to devise additional stimulus if the Japanese economy faces a downturn under his watch.   An exit from the current…

Amareos

Ryan Shea

<h2>Summary</h2>Last September the BoJ announced a major change to its monetary policy operations. It introduced an explicit target for long-term Japanese government bond yields as a complement to its short-term interest rate target, a policy tool investors have become very familiar with given its widespread adoption over the past 30 or so years. As we argued at the time (see forked Insight), the significance of this policy change was lost on many investors. Incredibly, this remains so.  Many…

SummaryLast September the BoJ announced a major change to its monetary policy operations. It introduced an explicit target for long-term Japanese government bond yields as a complement to its short-term interest rate target, a policy tool investors have become very familiar with given its widespread adoption over the past 30 or so years. As we argued at the time (see forked Insight), the significance of this policy change was lost on many investors. Incredibly, this remains so.  Many…

The Market Sentimentalist - Monetary Delusions

Thematic (Sector/Industry)

<h2>Summary</h2>Back in December we argued that the outlook for South Korea equities was constructive, even allowing for the increased risk of a flare-up in tensions over North Korea. With Kim Jong-un’s regime having just successfully launched its first intercontinental ballistic missile does this relatively sanguine assessment still hold? Global financial markets barely registering a ripple to the news, and even those in close proximity who stand to be most negatively impacted by increased geopolitical…

SummaryBack in December we argued that the outlook for South Korea equities was constructive, even allowing for the increased risk of a flare-up in tensions over North Korea. With Kim Jong-un’s regime having just successfully launched its first intercontinental ballistic missile does this relatively sanguine assessment still hold? Global financial markets barely registering a ripple to the news, and even those in close proximity who stand to be most negatively impacted by increased geopolitical…

The Market Sentimentalist - Strategic Impatience

<h2>Summary</h2>Global equity markets are expensive, implied volatility is low and falling, and central banks are either turning off, or threatening to turn off, the liquidity tap. This combination has certainly attracted the attention of the bears, with many speculating that the asset price bubble they perceived as having been inflated by years of accommodative policy is about to burst. In other words, we are on the cusp of a major market correction – an Ursa Major (think about it!) event. We disagree.…

SummaryGlobal equity markets are expensive, implied volatility is low and falling, and central banks are either turning off, or threatening to turn off, the liquidity tap. This combination has certainly attracted the attention of the bears, with many speculating that the asset price bubble they perceived as having been inflated by years of accommodative policy is about to burst. In other words, we are on the cusp of a major market correction – an Ursa Major (think about it!) event. We disagree.…

The Market Sentimentalist - Are The Stars Aligned?

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>March: The growth rate of new core core CPI for March will stay almost the same.</li><li>The Nikkei CPINow T index (for February 2017) maintained at 0.0%.</li><li>The Nikkei CPINow S index (for March 2017) increased by 0.59%.</li><li>This March 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>

March: The growth rate of new core core CPI for March will stay almost the same.The Nikkei CPINow T index (for February 2017) maintained at 0.0%.The Nikkei CPINow S index (for March 2017) increased by 0.59%.This March 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.

March 2017 Review of Current Development in Japan's Economy

Japan

TOPIX ETF is an Exchange-traded fund which holds a portfolio representing all stocks in the Tokyo Price Index (TOPIX).  The objective of the trust is to provide investment results that corresponds to the price and yield performance of the component securities of the Tokyo Price Index.

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Nomura ETF Topix (1306 JP)

Kuroda's Next 5 Years

On February 9, the Japanese government leaked their intention to reappoint the BoJ governor Haruhiko Kuroda when his current term expires on April...

Takuji Okubo

The Market Sentimentalist - Monetary Delusions

SummaryLast September the BoJ announced a major change to its monetary policy operations. It introduced an explicit target for long-term Japanese...

Amareos

The Market Sentimentalist - Strategic Impatience

SummaryBack in December we argued that the outlook for South Korea equities was constructive, even allowing for the increased risk of a flare-up in...

Amareos

The Market Sentimentalist - Are The Stars Aligned?

SummaryGlobal equity markets are expensive, implied volatility is low and falling, and central banks are either turning off, or threatening to turn...

Amareos

March 2017 Review of Current Development in Japan's Economy

March: The growth rate of new core core CPI for March will stay almost the same. The Nikkei CPINow T index (for February 2017) maintained at...

Nowcast, Inc.

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52-week Range

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