SPDR Russell/Nomura PRIME Japan ETF
 (JPP)

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  • Apr. 30, 2015, 1:59 AM
    • The Bank of Japan maintained its massive monetary stimulus in an 8-1 vote Thursday, holding off on additional easing for now on hopes that rising wages will spur spending and push inflation toward its ambitious 2% target.
    • Markets are now focusing on the central bank's semi-annual report (due later today) for signs of how confident it is about Japan's economic recovery and prospects of hitting its inflation goal.
    • Update: Inflation is now expected to hit the 2% target around the half year from April to September 2016, instead of the current fiscal year, which began this month.
    • Nikkei -2.7%
    • ETFs: DXJ, EWJ, DFJ, DBJP, NKY, EZJ, JPNL, DXJS, EWV, SCJ, HEWJ, JSC, ITF, JPP, QJPN, FJP, JPMV, DXJT, DXJR, DXJC, DXJH, JHDG, DXJF
    | Apr. 30, 2015, 1:59 AM
  • Apr. 27, 2015, 11:49 AM
    • The yen weakened for a few minutes following the news, but has since retaken that ground, with dollar/yen stronger by 0.15% on the session to ¥119.09. JGBs are snoring through the news as well, with the 10-years up one basis point at 0.30%.
    • Fitch keeps the outlook stable, but warns of another rating cut if: 1) Evidence that the authorities’ commitment to fiscal consolidation was weakening, such as failure to articulate a clear and credible strategy for stabilizing public debt ratios, or slippage relative to targets; 2) Weaker macroeconomic performance than Fitch expects for a sustained period, intensifying the challenge in stabilizing the public finances; 3) A sharp and sustained rise in real interest rates demanded by investors to hold government debt.
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, JGBD, DBJP, NKY, JYN, EZJ, JPNL, EWV, YCL, HEWJ, ITF, JGBL, JPP, JGBT, JGBB, FJP
    | Apr. 27, 2015, 11:49 AM
  • Apr. 26, 2015, 6:48 AM
    • While the Bank of Japan is likely to cut growth and inflation forecasts this week, the question of additional stimulus still remains.
    • Japan's central bank is expected to trim its inflation forecast for 2015 by several tenths of a percentage point from 1%, and shave its growth forecast from the current 2.1%.
    • Despite inflation dropping back to zero, governor Haruhiko Kuroda has argued strongly that the BOJ's existing QE program is on track, leading many economists to think further easing is unlikely for now.
    • ETFs: DXJ, EWJ, DFJ, DBJP, NKY, EZJ, JPNL, DXJS, EWV, SCJ, HEWJ, JSC, ITF, JPP, QJPN, FJP, JPMV, DXJT, DXJR, DXJC, DXJH, JHDG, DXJF
    | Apr. 26, 2015, 6:48 AM | 3 Comments
  • Apr. 24, 2015, 2:36 AM
    | Apr. 24, 2015, 2:36 AM | 2 Comments
  • Apr. 22, 2015, 2:38 AM
    | Apr. 22, 2015, 2:38 AM | 7 Comments
  • Apr. 17, 2015, 7:57 AM
    • The BOJ held policy steady this month, apparently taking comfort in core inflation staying positive, but Credit Suisse says the rate will turn negative by November, prompting a fresh bout of QE.
    • The weaker yen has helped boost inflation of late, says the team, but that effect is wearing off and further weakening is unlikely, especially now that Fed rate hike plans have been pushed off by at least a few months.
    • "As such, we see a high likelihood of the BoJ deploying additional easing measures later this year, by which time the central bank will probably be forced to acknowledge that corporate price-setting behavior is being adversely impacted by the threat of the ex-energy core CPI inflation rate dropping into negative territory.”
    • Source: Barron's
    • ETFs: DXJ, EWJ, FXY, YCS, DBJP, NKY, JYN, EZJ, JPNL, EWV, YCL, HEWJ, ITF, JPP, FJP
    | Apr. 17, 2015, 7:57 AM | 3 Comments
  • Apr. 10, 2015, 6:13 AM
    • The Nikkei retreated from a 15-year high after briefly breaking above 20K overnight. Local traders say persistent demand for stocks through systemic futures buying is causing the most recent surge, which has the index higher by nearly 15% so far this year.
    • "Markets globally are more central bank policy-driven than ever, which has sent stock valuations to sky-high levels," says a wealth manager, and Japanese stocks have the added appeal of better value versus other developed markets.
    • The Nikkei closed the session lower by 0.15%.
    • ETFs: DXJ, EWJ, NKY, DBJP, EZJ, EWV, JPNL, ITF, JPP, HEWJ, FJP
    | Apr. 10, 2015, 6:13 AM
  • Apr. 9, 2015, 9:54 AM
    • The Japan Hedged Dividend Growth Fund (NYSEARCA:JHDG) aims to provide exposure to Japanese dividend-paying companies with growth characteristics, while hedging away currency moves. The net expense ratio is 0.43%.
    • WisdomTree (NASDAQ:WETF), of course, already has the Japan Hedged Equity Fund (NYSEARCA:DXJ) which has proven to be a big hit.
    • ETFs: DXJ, EWJ, NKY, DBJP, EZJ, EWV, JPNL, ITF, JPP, HEWJ, FJP
    | Apr. 9, 2015, 9:54 AM
  • Apr. 8, 2015, 4:58 AM
    • The Bank of Japan's board has voted 8-1 to keep its asset-purchase target at ¥80T a year, rejecting a call by stimulus critic Takahide Kiuchi to slash the goal to ¥45T. (PR)
    • As in the U.S., all that money printing has caused an inflation in assets, if not in consumer goods and services, and the Nikkei rose 0.8% to 19,789.81, the highest close since April 2000. The USD-JPY is -0.4% at ¥119.87.
    • Meanwhile, Japan's current-account surplus surged to ¥1.44T ($12B) in February from ¥61.4B in January and easily beat consensus of ¥1.15T.
    • The latest figure is the highest in almost 3 1/2 years and was boosted by increased income from overseas investments and the trade deficit narrowing to ¥143.1B from ¥864.2B.
    • A main reason for the trend is a drop in oil prices, which has made imports cheaper. The weaker yen is also helping.
    • The surplus, the eighth in a row, indicates that Japan has again become a large external creditor following a series of current-account deficits at the end of 2013. (PR)
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, DFJ, JGBD, JYN, NKY, DBJP, EZJ, EWV, JPNL, YCL, DXJS, SCJ, JSC, ITF, JGBL, JPP, JGBT, HEWJ, JGBB, FJP, QJPN, JPMV, DXJT, DXJH, DXJR, DXJF, DXJC
    | Apr. 8, 2015, 4:58 AM | 2 Comments
  • Mar. 31, 2015, 4:18 AM
    • Asian equities are off to a winning start this year, with China and Japan stealing the show in the first quarter.
    • Abundant global liquidity, provided by the BOJ and ECB, combined with...interest rate cuts by several central banks in the region and lower oil prices have bolstered sentiment towards Asian equities," said Tai Hui, chief Asia market strategist at JPMorgan.
    • China's Shanghai Composite has rallied 17% so far this year and expectations of further stimulus will likely buoy the market going forward.
    • Japan's Nikkei Index was the second top performer in the region, up 13% YTD, benefiting from the central bank's QE policies and the shift by the country's pension funds out of bonds and into equities.
    • ETFs: FXI, DXJ, EWJ, EWH, KWEB, PGJ, YINN, GXC, FXP, ASHR, HAO, TAO, YANG, CHIQ, CQQQ, DFJ, CHIX, MCHI, QQQC, PEK, NKY, DBJP, XPP, YAO, EZJ, EWV, YXI, JPNL, DXJS, CHXF, ECNS, FCA, CN, CHII, SCJ, CHIE, CHIM, JSC, ITF, EWHS, FCHI, JPP, ASHS, KFYP, CNXT, CHNA, KBA, HEWJ, FHK, FJP, QJPN, JPMV, DXJT, DXJH, DXJR, DXJC, DXJF, AFTY
    | Mar. 31, 2015, 4:18 AM
  • Mar. 27, 2015, 4:55 AM
    • Lower oil prices and subdued consumer demand have again pushed Japan to the brink of deflation, underscoring the difficulties faced by policy makers to revive the world’s third-largest economy through its ¥80T a year stimulus program.
    • Japanese core consumer price inflation, which includes energy prices but excludes food, fell to zero Y/Y in February, far below the 2% target the central bank had aimed to achieve by this spring.
    • The Nikkei Composite Index dropped 1% on the news, falling to 19,286.
    • ETFs: DXJ, EWJ, DFJ, NKY, DBJP, EZJ, EWV, JPNL, DXJS, SCJ, JSC, ITF, JPP, HEWJ, FJP, QJPN, JPMV, DXJT, DXJR, DXJH, DXJC, DXJF
    | Mar. 27, 2015, 4:55 AM | 6 Comments
  • Mar. 23, 2015, 3:24 AM
    | Mar. 23, 2015, 3:24 AM
  • Mar. 18, 2015, 6:23 AM
    • Japanese shares rose today after data showed exports rising at a faster-than-expected pace in February and Nintendo (OTCPK:NTDOY) jumped on its entrance to the smartphone gaming industry.
    • The Nikkei closed up 0.6% at 19,544 as Japanese exports grew for the sixth straight month, helped by a weaker exchange rate and strength in the U.S. economy.
    • Nintendo soared 21% to its daily limit of ¥17,080, after remaining untraded during trading hours as its buy orders outnumbered sales.
    • ETFs: DXJ, EWJ, DFJ, NKY, DBJP, EZJ, EWV, JPNL, DXJS, SCJ, JSC, ITF, JPP, HEWJ, FJP, QJPN, JPMV, DXJT, DXJR, DXJH, DXJC, DXJF
    | Mar. 18, 2015, 6:23 AM | 2 Comments
  • Mar. 17, 2015, 2:30 AM
    • The Bank of Japan maintained its massive ¥80T stimulus program today despite a tumbling inflation rate, indicating that a steady economic recovery will help achieve its ambitious price target without immediate, additional monetary easing.
    • Heading south, the Reserve Bank of Australia released minutes to its March 3 meeting when it kept its benchmark interest rate on hold following a cut in February, saying some time was needed for "the economy to adjust to the earlier change," but left the door wide open for another rate cut.
    • Meanwhile, the FOMC begins its two-day meeting on interest rate policy this morning, with nearly all believing that the Fed will delete the word "patient" from its statement.
    • Nikkei +1%; S&P/ASX 200 +0.8%; U.S. futures all lower by 0.1%.
    • ETFs: DXJ, EWJ, EWA, DFJ, NKY, DBJP, AUSE, EZJ, EWV, JPNL, DXJS, KROO, SCJ, JSC, ITF, JPP, EWAS, HEWJ, FAUS, FJP, QJPN, JPMV, DXJT, QAUS, DXJR, DXJH, DXJF, DXJC
    | Mar. 17, 2015, 2:30 AM | 4 Comments
  • Mar. 13, 2015, 4:27 AM
    • Tokyo stocks surged through the 19,000 level today, tracking a positive lead from Wall Street to record their highest close since April 2000.
    • "The Nikkei 225 can go up further in 2015, probably closer to the 20,000 level, and what's going to drive that that will be the low yen," said Stephen Sheung, head of investment strategy at SHK Private.
    • The Nikkei currently leads all major Asian markets with an astounding 10.3% year-to-date gain.
    • The Nikkei closed up 1.4% at 19,254.
    • Previously: Nikkei passes 19K, reaches new 15-year high (Mar. 12 2015)
    • ETFs: DXJ, EWJ, DFJ, NKY, DBJP, EZJ, EWV, JPNL, DXJS, SCJ, JSC, ITF, JPP, HEWJ, FJP, QJPN, JPMV, DXJT, DXJR, DXJH, DXJC, DXJF
    | Mar. 13, 2015, 4:27 AM | 2 Comments
  • Mar. 12, 2015, 8:56 PM
    | Mar. 12, 2015, 8:56 PM
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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