SPDR Russell/Nomura PRIME Japan ETF
 (JPP)

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  • Oct. 7, 2015, 2:01 AM
    • The Bank of Japan has held off on expanding its record stimulus, signaling a belief that inflation will hit a 2% target despite troubling signs in the economy.
    • Although the central bank left its annual asset purchases at ¥80T, some are betting on additional easing at a crucial policy meeting on October 30, when the BOJ is expected to cut its long-term economic and price forecasts.
    • Nikkei +0.8% to 18334.12
    • ETFs: DXJ, EWJ, DFJ, DBJP, NKY, JOF, EZJ, JEQ, JPNL, DXJS, EWV, SCJ, HEWJ, JSC, JPP, QJPN, FJP, JPMV, DXJT, DXJC, DXJR, DXJH, JHDG, DXJF, HGJP, JDG, HEGJ, JPN
    | Oct. 7, 2015, 2:01 AM | 5 Comments
  • Oct. 6, 2015, 4:20 AM
    • The Bank of Japan has kicked off its two-day monetary policy meeting with a decision due Wednesday at 11:30 a.m. ET.
    • A fall in industrial production and wage growth, along with last week's Tankan survey have highlighted the lackluster state of the nation's economy, leading several analysts to predict more fiscal stimulus.
    • Whatever the outcome may be, the central bank will hold a second monetary policy meeting on October 30, when it is scheduled to publish its bi-annual report on the economy and inflation.
    • ETFs: DXJ, EWJ, DFJ, DBJP, NKY, JOF, EZJ, JEQ, JPNL, DXJS, EWV, SCJ, HEWJ, JSC, JPP, QJPN, FJP, JPMV, DXJT, DXJC, DXJR, DXJH, JHDG, DXJF, HGJP, JDG, HEGJ, JPN
    | Oct. 6, 2015, 4:20 AM
  • Oct. 6, 2015, 3:46 AM
    • After five years of talks, a dozen nations across the Pacific Basin clinched an agreement on Monday that will reduce tariffs in countries making up 40% of the global economy.
    • Negotiators worked round the clock over the weekend to settle many tough issues surrounding the Trans-Pacific Partnership, including auto trade, dairy exports and monopoly periods for next-generation drugs.
    • News of the accord also helped trigger today's modest bounce across Pacific bourses involved in the TPP: Australia +0.3%, Japan +1%, Malaysia +0.7%, New Zealand +0.6%, Vietnam +1.9%.
    • ETFs: DXJ, EWJ, VNM, EWA, EWM, IAF, DFJ, DBJP, ENZL, NKY, AUSE, JOF, EZJ, JEQ, JPNL, DXJS, EWV, SCJ, KROO, HEWJ, JSC, JPP, EWAS, FAUS, QJPN, FJP, DXJT, JPMV, DXJC, DXJR, DXJH, JHDG, QAUS, DXJF, HEGJ, HGJP, JDG, JPN, HAUD
    | Oct. 6, 2015, 3:46 AM | 1 Comment
  • Oct. 2, 2015, 2:52 AM
    • Japanese unemployment edged up to 3.4% in August from 3.3% in July, which was the lowest since April 1997, with economists expecting the rate to hold steady. (PR)
    • Job availability rose to its highest level since January 1992, with the job-to-applicants ratio increasing to 1.23 from 1.21 and vs consensus of 1.22%. The rise suggests that unemployment could fall in the coming months.
    • Meanwhile, household spending recovered smartly to rise 2.9% in August after dropping 0.2% previously and soundly beat forecasts of +0.4%. (PR)
    • However, inflation expectations at Japanese firms weakened, a Bank of Japan survey shows, with businesses expecting annual inflation on consumer products to reach around 1.2% in a year's time, down from the prior forecast of +1.4% in June. The BOJ's target, lest we forget, is 2%. (PR)
    • The USD-JPY is +0.1% at 120.03 yen, while the Nikkei is flat at 17725.
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, DFJ, JGBD, DBJP, NKY, JYN, JOF, EZJ, JEQ, JPNL, DXJS, EWV, YCL, SCJ, HEWJ, JSC, ITF, JGBL, JPP, JGBT, QJPN, FJP, JGBB, JPMV, DXJT, DXJC, DXJR, JHDG, DXJH, DXJF, JDG, HEGJ, HGJP, JPN
    | Oct. 2, 2015, 2:52 AM | 5 Comments
  • Sep. 25, 2015, 2:04 AM
    • Japan has dropped back into deflation for the first time since April 2013 in a symbolic setback to Prime Minister Shinzo Abe's economic stimulus.
    • Core inflation, excluding fresh food, were down by 0.1% compared with a year ago in August, as slumping global energy prices outweighed headline prices.
    • BOJ Governor Haruhiko Kuroda continues to insist Japan can reach a 2% inflation target by the middle of next year, but most analysts think that goal is now out of reach.
    • Nikkei +1.8% to 17,880.51.
    • ETFs: DXJ, EWJ, DFJ, DBJP, NKY, JOF, EZJ, JEQ, JPNL, DXJS, EWV, SCJ, HEWJ, JSC, ITF, JPP, QJPN, FJP, DXJT, JPMV, DXJR, DXJC, DXJH, JHDG, DXJF, JPN, JDG, HGJP
    | Sep. 25, 2015, 2:04 AM | 5 Comments
  • Sep. 24, 2015, 3:29 AM
    • Japan's Nikkei slipped 2.8% in its first trading session this week after three national holidays, edging near a seven-month low touched earlier this year.
    • The fall follows a bruising selloff in China and the U.S. on Wednesday, which took a cue from weak factory performance and a downbeat global environment.
    • Meanwhile, the yen has been stuck in a narrow trading range over the past week and last stood little changed at 120.02 to the dollar.
    • ETFs: DXJ, EWJ, FXY, YCS, DFJ, DBJP, NKY, JYN, JOF, EZJ, JEQ, JPNL, DXJS, EWV, YCL, SCJ, HEWJ, JSC, ITF, JPP, QJPN, FJP, JPMV, DXJT, DXJC, DXJR, JHDG, DXJH, DXJF, HGJP, JDG, JPN
    | Sep. 24, 2015, 3:29 AM | 2 Comments
  • Sep. 16, 2015, 6:34 AM
    • Japan got its debt ratings reduced by Standard & Poor's today over doubts the government will revive economic growth and end deflation in the next two to three years.
    • It's not a good news for Abenomics, the pet project of Prime Minister Shinzo Abe.
    • The country currently has some ¥54T ($450B) of debt outstanding, which now holds a AA- rating in place of an A+ report card.
    • ETFs: DXJ, EWJ, DFJ, DBJP, NKY, JOF, EZJ, JEQ, JPNL, DXJS, EWV, SCJ, HEWJ, JSC, ITF, JPP, QJPN, FJP, DXJT, JPMV, DXJR, DXJC, DXJH, JHDG, DXJF, JPN, JDG, HGJP
    | Sep. 16, 2015, 6:34 AM | 2 Comments
  • Sep. 14, 2015, 10:20 PM
    • The yen retreats in Asian trading as speculation picks up the Bank of Japan will signal at a policy meeting on Tuesday that it's amenable to an increase in monetary stimulus.
    • The yen dropped across 16 major currencies, including a 0.2% decline against the U.S. dollar.
    • ETFs: DXJ, EWJ, DBJP, NKY, EZJ, JEQ, JPNL, EWV, HEWJ, ITF, JPP, FJP, JPN, HGJP
    | Sep. 14, 2015, 10:20 PM
  • Sep. 10, 2015, 4:42 AM
    • Japan's government is looking to raise a total of $11.5B in the sale of stakes of 10% in Japan Post Holdings Co and its bank and insurance units.
    • The privatization is set to be Japan's largest in almost three decades as Prime Minister Shinzo Abe continues his economic reforms.
    • Japan Post Bank has a portfolio of $1.7T, making it one of the world's largest institutional investors, while the insurance company is the country's biggest by assets.
    • However, worries exist about the prospects for the firms, which are heavily regulated to protect competitors in the private sector; meanwhile, volume in mail services is falling.
    • ETFs: DXJ, EWJ, JGBS, JGBD, DBJP, NKY, EZJ, JEQ, JPNL, EWV, HEWJ, ITF, JGBL, JPP, JGBT, JGBB, FJP, JHDG, DXJF, JPN, JDG, HGJP
    | Sep. 10, 2015, 4:42 AM
  • Sep. 10, 2015, 3:32 AM
    • Japanese machinery orders, a leading indicator of capital expenditure, unexpectedly dropped 3.6% on month in July after falling 7.9% in June and badly missed consensus of +3.7%.
    • On year, orders +2.8% vs 16.6% and +10.5%.
    • "Poor orders, particularly at the service sector, reflect persistent weakness in domestic demand," says economist Takeshi Minami.
    • The numbers add to a series of weak data recently and could add pressure on the Bank of Japan to add more stimulus.
    • The problem for policymakers is that they were hoping that the weaker yen and lower energy prices would help boost corporate profits, which would be used to increase wages and capital spending. However, this doesn't seem to be happening.
    • The Nikkei has tumbled 2.5% after surging 7.7% yesterday, while the USD-JPY is +0.3% at ¥120.84.
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, DFJ, JGBD, DBJP, NKY, JYN, JOF, EZJ, JEQ, JPNL, DXJS, EWV, YCL, SCJ, HEWJ, JSC, ITF, JGBL, JPP, JGBT, QJPN, JGBB, FJP, JPMV, DXJT, DXJC, DXJR, JHDG, DXJH, DXJF, JDG, HGJP, JPN
    | Sep. 10, 2015, 3:32 AM
  • Sep. 9, 2015, 2:52 AM
    • Japan's Nikkei index has surged 7.7% after dropping 2.4% yesterday as global stocks rallied, boosted today by the prospect of corporate tax cuts and further stimulus in China.
    • Prime Minister Shinzo Abe pledged to cut rates by 3.3 percentage points from 35% from next year and wants to eventually lower the number into the twenties, "bringing it to a level that compares favorably in the international context."
    • Abe's plan comes as the impact of his radical economic reform over the past three years appears to be fading, with GDP falling 1.2% in Q2.
    • Today's rise in stocks was the Nikkei's largest single-day gain since October 2008.
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, DFJ, JGBD, DBJP, NKY, JYN, JOF, EZJ, JEQ, JPNL, DXJS, EWV, YCL, SCJ, HEWJ, JSC, ITF, JGBL, JPP, JGBT, QJPN, JGBB, FJP, JPMV, DXJT, DXJC, DXJR, JHDG, DXJH, DXJF, JDG, HGJP, JPN
    | Sep. 9, 2015, 2:52 AM | 7 Comments
  • Sep. 8, 2015, 5:24 AM
    | Sep. 8, 2015, 5:24 AM | 3 Comments
  • Sep. 8, 2015, 3:49 AM
    • Japanese Prime Minister Shinzo Abe has won a rare second three-year term as the President of his Liberal Democratic Party (LDP) after potential rival Seiko Noda was unable to garner enough sponsors to launch a challenge in a vote.
    • While Abe wants to "spread the feeling of recovery to every nook and cranny of the regions," the economy has been stuttering of late despite his radical agenda since he became PM in December 2012.
    • GDP slumped 1.2% in April-June, hurt by a fall in exports and soft consumer spending.
    • Still, Abe's victory represents a rare period of stability in Japan's often turbulent political scene.
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, DFJ, JGBD, DBJP, NKY, JYN, JOF, EZJ, JEQ, JPNL, DXJS, EWV, YCL, SCJ, HEWJ, JSC, ITF, JGBL, JPP, JGBT, QJPN, JGBB, FJP, JPMV, DXJT, DXJC, DXJR, JHDG, DXJH, DXJF, JDG, HGJP, JPN
    | Sep. 8, 2015, 3:49 AM | 1 Comment
  • Sep. 3, 2015, 1:57 AM
    • Activity in Japan's services sector expanded at the fastest pace in almost two years in August, despite persistent signs of frailty in Asia's second largest economy.
    • The Markit/Nikkei Japan Services PMI rose to a seasonally adjusted 53.7 from 51.2 in July to reach its highest point since October 2013.
    • The positive services sector reading follows several disappointing figures of Japanese industrial production and household spending.
    • Nikkei +0.9% to 18,252.
    • ETFs: DXJ, EWJ, DFJ, DBJP, NKY, JOF, EZJ, JEQ, JPNL, DXJS, EWV, SCJ, HEWJ, JSC, ITF, JPP, QJPN, FJP, DXJT, JPMV, DXJR, DXJC, DXJH, JHDG, DXJF, JPN, JDG, HGJP
    | Sep. 3, 2015, 1:57 AM
  • Aug. 31, 2015, 2:08 AM
    • Snapping a three-day winning streak, Japan's Nikkei is heading toward its biggest monthly decline since Jan. 2014 (-8.2%), hurt by soft industrial production data.
    • Output fell 0.6% in July from the previous month, worse than economists' estimates of a 0.1% gain and following a 1.1% increase in June.
    • "Weak demand from China is expected to continue to weigh on Japan's production going forward so China worries may persist," said Amundi Japan's Masaru Hamasaki.
    • Nikkei -1.4% to 18,876.
    • ETFs: DXJ, EWJ, DFJ, DBJP, NKY, JOF, EZJ, JEQ, JPNL, DXJS, EWV, SCJ, HEWJ, JSC, ITF, JPP, QJPN, FJP, DXJT, JPMV, DXJR, DXJC, DXJH, JHDG, DXJF, JPN, JDG, HGJP
    | Aug. 31, 2015, 2:08 AM | 4 Comments
  • Aug. 28, 2015, 2:05 AM
    • The Bank of Japan's key inflation gauge slumped to zero for a third time this year, heightening pressure on policymakers to offer fresh monetary support to reflate the world's third-largest economy.
    • Although Japan's core consumer price index was unchanged in July from a year earlier, other data provided a mixed picture for the start of the third quarter.
    • Household spending unexpectedly fell, retail sales rose 0.6% from June, and the job market remained tight (job-to-applicant ratio rose to 1.21).
    • Nikkei +3% to 19,136.
    • ETFs: DXJ, EWJ, DFJ, DBJP, NKY, JOF, EZJ, JEQ, JPNL, DXJS, EWV, SCJ, HEWJ, JSC, ITF, JPP, QJPN, FJP, DXJT, JPMV, DXJR, DXJC, DXJH, JHDG, DXJF, JPN, JDG, HGJP
    | Aug. 28, 2015, 2:05 AM | 4 Comments
JPP Description
The SPDR® Russell/Nomura PRIME™ Japan ETF, before expenses, seeks to closely match the returns and characteristics of the total return performance of the Russell/Nomura Prime Index, an equity index based upon the Japanese composite market. Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking, and lower costs.
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Country: Japan
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