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’The Bank of Japan doesn’t seem to like 1 per cent Topix drops
Not price-keeping, but signalling at the Bank of Japan .
Nikkei reports on Monday that “Japan’s stock investment community is buzzing with rumors about the Bank of Japan’s ’1% rule’.” Readers will recall that the BoJ started buying ETFs and JReits late last year,
Tokyo: who’s in the money?
Interesting times in the Japanese stock market – not to mention the shell-shocked country as a whole – as the key Nikkei and Topix gauges ended the holiday-shortened week up a respectable 3.3 per cent and 3.6 per cent respectively.
Who’s been selling Japanese stocks?
A plea for calm, from Atsushi Saito, president of the Tokyo Stock Exchange:
To All Investors and Trading Participants
The Tokyo stock market has been experiencing sharp drops over the last couple of days.
Japan’s Wednesday bounce: what it says and where it goes
Japan has defied investor logic even more than usual in the past few days.
Even as the sense of crisis deepened around Japan’s stricken Fukushima nuclear plant, with reports of a fresh fire and radioactive leaks,
Japan’s banks already facing stock losses, CreditSights says
In addition to being big Japanese government-bond buyers, Japan’s megabanks are also (wait for it) heavily invested in equities. Though not as much as they used to be.
There’s a slightly ironic backstory here that has to do with Japan’s very long banking crisis.
Japan equities: The ‘midget is limbo-dancing’
The hate-fest surrounding Japan appears to have “risen to new highs in recent weeks”, says CLSA’s Damien Kestel in his weekly newsletter Bits & Pieces. In fact, he cites the Oxford (American) dictionary’s word of the year,