In today’s briefing:
- Good Morning Japan |Beta BACK-Ahead of CPI; Citizen Watch LEADS=>Massive Buyback; Toyota EV Shift?
- Inbound Tourism up 50%, Spending Almost at 2019 Levels
- Reform in China’s Medical Service Industry: SOE-Run Hospitals Usher in a Critical Turning Point
Good Morning Japan |Beta BACK-Ahead of CPI; Citizen Watch LEADS=>Massive Buyback; Toyota EV Shift?
- OVERSEAS. Beta Roars back as SPX regains 4100 support; All SPX sector positive(ex-Energy); CPI in focus as US 2Yr Yields still at 4.5%; Fed Pause or Acceleration-is the question
- JAPAN. NKY Futs +1.0% vs Cash; Yen Weakens to 132.45 vs US; JGB at 2% next year ? So says Koll; Citizen Watch shakes things up with Massive Buyback
- DAILY NUGGET. Buybacks been been certainly improving in Japan. But this action from Citizen Watch takes it to another level.
Inbound Tourism up 50%, Spending Almost at 2019 Levels
- Inbound tourism only got going again from October but the pent up demand to visit Japan has meant a surge in visitors.
- Since many tourists also have stuffed wallets due to curtailed spending during the pandemic and the Yen is at very low levels, there is much higher spending.
- Key beneficiaries are listed below among department stores, premium fashion stores and drugstores.
Reform in China’s Medical Service Industry: SOE-Run Hospitals Usher in a Critical Turning Point
- Thirteen important departments formulated the “Work Plan for Supporting the High-quality Development of State-owned Enterprise (SOE)-run Medical Institutions”(the “Work Plan”), which reflects a significant change in government’s attitude towards SOE-run hospitals.
- The core goal of “Work Plan” is to make public medical system bigger and stronger.Changes will occur with the participation of central enterprises. It’s time to change the thinking mode.
- Government-Run hospitals/SOE-run hospitals are still the main force of China’s medical service market. Their status will be higher than that of private hospitals, whose development space would be further squeezed.
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