iShares JPX-Nikkei 400 ETF (JPXN) - NYSEARCA
  • Mon, Apr. 25, 8:22 AM
    • According to Bloomberg, the Bank of  Japan is now a top-10 shareholder in about 90% of the companies in the Nikkei 225. The central bank owns more Japanese blue-chips than fund giants BlackRock and Vanguard.
    • “For those who want shares to go up at any cost, it’s absolutely fantastic that the BOJ is buying so much,” says one strategist, apparently unaware that the Nikkei hasn't done a whole lot while the BOJ has been on this buying spree. The average is down 8.4% this year, and pretty much flat since late 2014.
    • The bank, meanwhile, is expected to announce further increases in ETF buying this week (it currently purchases about $27B of ETFs each year).
    • ETFs: DXJ, EWJ, DBJP, JPNL, JEQ, EZJ, EWV, HEWJ, JPXN, JPP, FJP, JPN, HGJP, HEGJ, HFXJ, HJPX, FXJP, JPNH
    | Mon, Apr. 25, 8:22 AM | 5 Comments
  • Wed, Apr. 20, 3:50 AM
    • Japan's exports fell for a sixth straight month in March as slowing growth in China, soft global demand and a strengthening yen threatened to hold back the country's recovery.
    • Exports dropped 6.8% from a year earlier to ¥6.4T, while imports sank 14.9% to ¥5.7T, resulting in the highest trade balance since October 2010.
    • The weak indicators will add pressure on the government and the BOJ to stimulate growth, while a series of earthquakes that struck a southern manufacturing hub last week could hamper supply chain activity ahead.
    • ETFs: DXJ, EWJ, DBJP, DFJ, JOF, JPNL, DXJS, EZJ, JEQ, EWV, HEWJ, SCJ, JPXN, JSC, JPP, DXJH, QJPN, JHDG, JPMV, DXJF, FJP, DXJR, DXJT, JPN, HGJP, DXJC, JDG, HJPX, HFXJ, HEGJ, FXJP, JPNH
    | Wed, Apr. 20, 3:50 AM | 2 Comments
  • Tue, Apr. 19, 3:03 AM
    | Tue, Apr. 19, 3:03 AM | 3 Comments
  • Mon, Apr. 18, 2:31 AM
    • The Nikkei suffered on two fronts today as a stronger yen post Doha hurt equities, while Japanese exporters like Toyota (NYSE:TM) and Sony (NYSE:SNE) suspended production in the aftermath of the earthquake on the island of Kyushu.
    • A 7.3 magnitude tremor struck early Saturday morning, killing at least 42 people, injuring about 1,000 more and causing widespread damage.
    • Japan wasn't alone. Over the weekend, Ecuador was hit with its biggest quake in decades, which killed at least 272 people and injured over 2,000.
    • Nikkei -3.4% to 16,276.
    • ETFs: DXJ, EWJ, DBJP, DFJ, JOF, JPNL, DXJS, EZJ, JEQ, EWV, HEWJ, SCJ, JPXN, JSC, JPP, DXJH, QJPN, JHDG, JPMV, DXJF, FJP, DXJR, DXJT, JPN, HGJP, DXJC, JDG, HJPX, HFXJ, HEGJ, FXJP, JPNH
    | Mon, Apr. 18, 2:31 AM | 2 Comments
  • Sat, Apr. 16, 4:39 PM
    • via Barclays: "A major earthquake struck last night in Kumamoto, but did not trigger a tsunami or nuclear accident – the biggest factors exacerbating damages at the time of the 2011 Great East Japan Earthquake – so any effect on the Japanese economy appears likely to be limited. Our outlook for the market is unchanged.
    • "However, some factories in the region may halt operations. Given the sophistication of supply chains in manufacturing, damages at any one factory could still have a widespread effect.
    • "The market has already been monitoring the possibility of the Abe administration compiling a large-scale package of emergency economic measures in May-June and postponing the consumption tax hike scheduled for April 2017. With the earthquake, this possibility may have increased and an announcement could come earlier. There may also be a stronger possibility that he delays the tax hike without dissolving the Lower House and calls a general election to seek a mandate from the Japanese public. In any case, it is still difficult to gauge the earthquake damages at this stage. However, they do not appear to be anywhere near the scale of those resulting from the 2011 Great East Japan Earthquake."
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, JGBD, DBJP, DFJ, JYN, JOF, JPNL, DXJS, EZJ, JEQ, EWV, HEWJ, YCL, SCJ, JPXN, JSC, JPP, JGBL, JGBT, DXJH, JGBB, QJPN, JHDG, DXJF, JPMV, FJP, DXJT, DXJR, JPN, DXJC, HGJP, JDG, HEGJ, HFXJ, FXJP, JPNH
    • Now read The Only Thing Rising In Japan Is The Yen »
    | Sat, Apr. 16, 4:39 PM | 16 Comments
  • Wed, Apr. 13, 5:12 AM
    • There's no denying that Japan's economic recovery is weak and prices don't seem to be rising, BOJ board member Yutaka Harada said today, outlining that's why the bank "has been enhancing its monetary easing by expanding QQE."
    • Harada also confirmed the possibility of expanding negative interest rates at this month's policy meeting.
    • The downbeat assessment comes after the IMF slashed its forecasts for Japanese growth for this year and next, and predicted an economic contraction in 2017 if the country goes ahead with a planned sales-tax hike.
    • ETFs: DXJ, EWJ, DBJP, DFJ, JOF, JPNL, DXJS, EZJ, JEQ, EWV, HEWJ, SCJ, JPXN, JSC, JPP, DXJH, QJPN, JHDG, JPMV, DXJF, FJP, DXJT, DXJR, JPN, HGJP, DXJC, JDG, HEGJ, HFXJ, FXJP, JPNH
    | Wed, Apr. 13, 5:12 AM | 1 Comment
  • Tue, Apr. 12, 3:02 AM
    • A rare day of dollar strength led to a relief rally on the Nikkei after Japan's finance ministers said world leaders must deal with any intervention in the yen.
    • The currency's retreat against the greenback, now back to around 108, sent major export stocks higher, with automaker shares leading the rally.
    • A weaker yen is a positive for Japanese exporters as it increases their overseas profits when converted into local currency.
    • Nikkei +1.1% to 15,929.
    • ETFs: DXJ, EWJ, DBJP, DFJ, JOF, JPNL, DXJS, EZJ, JEQ, EWV, HEWJ, SCJ, JPXN, JSC, JPP, DXJH, QJPN, JHDG, JPMV, DXJF, FJP, DXJT, DXJR, JPN, HGJP, DXJC, JDG, HEGJ, HFXJ, FXJP, JPNH
    | Tue, Apr. 12, 3:02 AM | 1 Comment
  • Mon, Apr. 11, 2:17 AM
    • The recent G20 agreement to avoid competitive currency devaluation does not mean Japan can't intervene in response to the one-sided moves of the yen, according to Chief Cabinet Secretary Yoshihide Suga.
    • "What the G20 is talking about is arbitrary intervention, which is different from responding to a one-sided move."
    • The dollar hit a fresh 17-month low versus the yen last week on expectations that the U.S. Federal Reserve would raise interest rates very slowly.
    • ETFs: DXJ, EWJ, DBJP, DFJ, JOF, JPNL, DXJS, EZJ, JEQ, EWV, HEWJ, SCJ, JPXN, JSC, JPP, DXJH, QJPN, JHDG, JPMV, DXJF, FJP, DXJT, DXJR, JPN, HGJP, DXJC, JDG, HEGJ, HFXJ, FXJP, JPNH
    | Mon, Apr. 11, 2:17 AM | 2 Comments
  • Fri, Apr. 8, 5:43 AM
    | Fri, Apr. 8, 5:43 AM | 1 Comment
  • Fri, Apr. 8, 2:10 AM
    • Japan's Finance Minister has described the dollar's recent falls vs. the yen as "one-sided movements" and vowed to intervene if necessary to continue the country's fight against deflation.
    • "We are watching moves with a sense of tension," Taro Aso told a press conference after the greenback sank to a 17-month low of 107.67 yen on Thursday. "We will take necessary steps in accordance with circumstances."
    • The dollar has tumbled nearly 10% against the Japanese currency this year, with the past week accounting for roughly 3% of the move.
    • ETFs: DXJ, EWJ, DBJP, DFJ, JOF, JPNL, DXJS, EZJ, JEQ, EWV, HEWJ, SCJ, JPXN, JSC, JPP, DXJH, QJPN, JHDG, JPMV, DXJF, FJP, DXJT, DXJR, JPN, HGJP, DXJC, JDG, HEGJ, HFXJ, FXJP, JPNH
    | Fri, Apr. 8, 2:10 AM | 6 Comments
  • Thu, Apr. 7, 7:42 AM
    • JPMorgan on the yen: “If you only shoot blanks, it just makes a sound: at first everyone is surprised but once they get used to it it’s just noise”
    • It seems like just yesterday when everyone on the Street was convinced dollar/yen was headed up to ¥125 - and that was before the BOJ brought Japanese interest into negative territory. It hasn't worked out.
    • The yen's 1.3% advance today brings dollar/yen all the way down to ¥108.35, the weakest in nearly two years.
    • The strong yen isn't doing any favors for the Nikkei, which edged higher overnight, but is lower by 17% YTD. Also mulling the surging yen are investors in WisdomTree (NASDAQ:WETF), whose hedged Japan ETF (NYSEARCA:DXJ) has been seeing less demand. WETF is down 31% this year.
    • Now read: USD/JPY - Yen Surges On Dovish Fed Minutes, Breaks Below 109 (April 7)
    • ETFs: DXJ, EWJ, FXY, YCS, DBJP, JYN, JPNL, EZJ, JEQ, EWV, HEWJ, YCL, JPXN, JPP, FJP, JPN, HGJP, HFXJ, HEGJ, FXJP, JPNH
    | Thu, Apr. 7, 7:42 AM | 7 Comments
  • Tue, Apr. 5, 8:21 AM
    • Not wanting to be left out of the global monetary easing parade, Bank of Japan policymakers are likely to consider additional easing measures at their policy meeting late in April, reports Reuters.
    • Boosted asset purchases, rather than a cut in interest rates deeper into negative territory seem most likely, according to the story.
    • The central bank stunned markets in January with a move into negative territory for interest rates, but any positive reaction was short-lived, with the Nikkei slumping since, and the yen rising.
    • ETFs: DXJ, EWJ, FXY, YCS, DBJP, JYN, JPNL, EZJ, JEQ, EWV, HEWJ, YCL, JPXN, JPP, FJP, JPN, HGJP, HFXJ, HEGJ, FXJP, JPNH
    • Now read: Goodbye To The Quarter From Hell (April 5)
    | Tue, Apr. 5, 8:21 AM
  • Fri, Apr. 1, 3:08 AM
    • A gloomy Tankan survey from the BOJ overnight sapped risk appetite and sent Japanese shares into a tailspin.
    • The corporate survey saw big manufacturers' business sentiment at its lowest in nearly three years, and it's expected to worsen in the coming quarter. Markit's Flash Manufacturing PMI, which came in at 49.1, didn't do any better to help lift sentiment.
    • The data also pressures Prime Minister Shinzo Abe and the central bank to do more to shore up the stuttering economy.
    • Nikkei -3.6% to 16,164.
    • ETFs: DXJ, EWJ, DBJP, DFJ, JOF, JPNL, DXJS, EZJ, JEQ, EWV, HEWJ, SCJ, JPXN, JSC, JPP, DXJH, QJPN, JHDG, JPMV, DXJF, FJP, DXJT, DXJR, JPN, HGJP, DXJC, JDG, HEGJ, HFXJ, FXJP, JPNH
    | Fri, Apr. 1, 3:08 AM | 21 Comments
  • Wed, Mar. 30, 5:32 AM
    • Japan's industrial output dropped 6.2% in February after the prior month's solid gain, underscoring fragile factory activity due to sluggish demand both at home and abroad.
    • The month-on-month fall marks the biggest drop since March 2011, when a devastating earthquake in Japan crippled the country's supply chain.
    • The figure is closely monitored by market watchers as a proxy for the trend of Japanese economy.
    • Nikkei -1.3% to 16,879.
    • ETFs: DXJ, EWJ, DFJ, DBJP, JOF, JPNL, EZJ, DXJS, JEQ, EWV, HEWJ, SCJ, JSC, JPP, JHDG, QJPN, DXJH, DXJF, DXJT, FJP, JPMV, DXJR, DXJC, JDG, JPN, JPXN, HEGJ, HGJP, FXJP, HFXJ, JPNH
    | Wed, Mar. 30, 5:32 AM | 4 Comments
  • Fri, Mar. 18, 7:31 AM
    • Plenty of shops on the Street had been trusting the Fed's previous forecast of four rate hikes this year, but the central bank officially abandoned that position this week. Now other estimates are going to have to go as well
    • A prime candidate is the dollar/yen exchange rate - with a more dovish Fed, that's going lower. The team at JPMorgan now sees dollar/yen falling all the way to ¥103 by year's end from ¥111.45 currently (flat on today's session), and about ¥114 ahead of the Fed decision.
    • Former Japanese government official Eisuke Sakakibara - otherwise known as "Mr. Yen" - was predicting a yen rally ahead of the Fed move. He held (and holds) this view not because of monetary policy, and not because the Japanese economy is particularly strong, but because "the world economy has become very disorderly."
    • Reacting to the surge in the yen yesterday, the Nikkeil slipped 1.25% overnight.
    • ETFs: DXJ, EWJ, FXY, YCS, DBJP, JYN, JPNL, EZJ, JEQ, EWV, HEWJ, YCL, JPP, FJP, JPN, JPNH, HGJP, JPXN, HEGJ, FXJP, HFXJ
    | Fri, Mar. 18, 7:31 AM | 6 Comments
  • Fri, Mar. 18, 2:28 AM
    • The minutes of the BOJ's January meeting, where the central bank adopted negative rates, showed that officials also explored the possibility of expanding record asset purchases before they decided on the subzero stimulus option.
    • The new insight "reinforces a view that the next easing will be a combination of a rate cut and expansion of QQE," said Yasuhiro Takahashi, an economist at Nomura Securities.
    • Japanese shares resumed their descent into the red today as the dollar's plunge against the yen continued to hurt exporters, while the 10-year JGB yield hit a record low of -0.135%.
    • Nikkei -1.2% to 16,734.
    • ETFs: DXJ, EWJ, DFJ, DBJP, JOF, JPNL, EZJ, DXJS, JEQ, EWV, HEWJ, SCJ, JSC, JPP, JHDG, QJPN, DXJH, DXJF, DXJT, FJP, JPMV, DXJR, DXJC, JDG, JPN, JPXN, HEGJ, HGJP, FXJP, HFXJ, JPNH
    | Fri, Mar. 18, 2:28 AM | 1 Comment
JPXN Description
The iShares JPX-Nikkei 400 ETF (JPXN) seeks to track the investment results of a broad-based benchmark composed of Japanese equities.
See more details on sponsor's website
Country: Japan
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