Tag Archives: Japan

U.S. Equities Playing Catch Up

Posted on December 17, 2012 by macromon

As stock markets have been breaking out all over the world, U.S. equities have lagged over fiscal cliff fears.  We think the U.S. catches up as the ROW (rest of the world)  takes a little breather. Clearly the two big … Continue reading →

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Stratfor: Robert D. Kaplan on the Rise of Asia

Posted on December 16, 2012 by macromon

Given today’s landslide election in Japan, which returned Shinzo Abe back to power, we leave you with some great analysis by Stratfor’s Robert Kaplan. I think we have been too long taking Asia’s stability for granted…I can see signs of … Continue reading →

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The Massive Move in Won/Yen Cross

Posted on December 16, 2012 by macromon

Add currency wars to Asia’s geopolitical tensions next year as a result of the Abe landslide. The Korean won/yen cross has strengthened a stunning 19.8 percent since June 4th.  That’s a big move in relative prices and competitiveness between the … Continue reading →

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Abe Landslide — Black Swan 2013?

Posted on December 16, 2012 by macromon

Shinzo Abe may put together a government with a super majority in lower house of the Japanese Diet.   Sounds like a mandate to us. Abe has been promoting a massive quantitative easing by the Bank of Japan and public works … Continue reading →

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Japan’s Tankan Survey Tanks to 3-year Low

Posted on December 13, 2012 by macromon

Japan’s Tankan index measuring business confidence fell to a 3-year low.   Here’s Bloomberg, Big Japanese manufacturers are the most pessimistic in almost three years after a diplomatic dispute with China and Europe’s austerity measures dragged exports to a fifth monthly … Continue reading →

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How the mighty have fallen

Posted on November 3, 2012 by macromon

Peak Japan seems just like yesterday. We remember the days, or daze, working as grad student interns in the U.S. G when all govie economists were studying Theory Z, a Japanese management style and all the rage in business schools … Continue reading →

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Japan PMI falls to 46.9, 18-month low

Posted on October 30, 2012 by macromon

Markit’s press release on Japan’s October manufacturing PMI, Commenting on the Japanese Manufacturing PMI survey data, Paul Smith, Senior Economist at Markit and author of the report said: “The fall back in the headline PMI to an 18-month low during … Continue reading →

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Hugh Hendry and David Einhorn at the Buttonwood Gathering

Posted on October 26, 2012 by macromon

Spend some time over the weekend listening to Hugh Hendry and David Einhorn, who were participating in the Economist’s Buttonwood Gathering this week. Nice to hear from some non-cheerleaders.   Smart and provocative. Hendry is very bearish on the creditor nations … Continue reading →

Posted in Monetary Policy, Whales | Tagged , , , , , | 1 Comment

Japan’s September Exports Down 10.3% Y/Y

Posted on October 22, 2012 by macromon

Great data from Japan’s Ministry of Finance (MOF) showing the sharp drop in exports to each of the country’s major trading partners. TOKYO — Japan’s trade deficit widened in September as exports plunged 10.3 percent from a year earlier, weighed … Continue reading →

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Unemployment Rates of Selected OECD Countries

Posted on October 3, 2012 by macromon

Nice chart from the BLS. (click here if chart is not observable)

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