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SPDR Russell/Nomura Small Cap Japan ETF (JSC)

- NYSEARCA
  • Aug. 4, 2014, 3:28 AM
    • Japanese stocks fell to a more than one-week low this morning, with financials and sea transporters leading the losses, as investors turned risk averse due to the last week's U.S. stock sell-off and concerns over Argentina's default and Portuguese banking problems.
    • Japanese equities still drew some support from hopes of an improvement in domestic corporate earnings, as well as solid Asian shares and a stable currency market.
    • The Nikkei sank 0.3% to 15,474.50, its lowest close since July 25, extending losses for a third straight trading day. The Topix shed 0.4% to 1,276.19, while the JPX-Nikkei Index 400 dropped 0.3% to 11,620.36.
    • ETFs: DXJ, EWJ, DFJ, NKY, DBJP, EZJ, EWV, SCJ, JPNL, DXJS, JSC, ITF, JPP, JPNS, HEWJ, FJP, DXJH, DXJR, DXJF, DXJC, DXJT, FXY, YCS, JYN, YCL
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  • Jul. 18, 2014, 2:51 AM
    • Japanese shares fell to a one-week low today and dropped to their largest one-day fall in three weeks after investors turned risk averse due to the downed Malaysian Airlines passenger jet shot down over Ukraine's eastern border.
    • The Nikkei sank 1% to 15,215.71, its lowest close since July 11. The index also fell 1.7% at one point during Friday's trading.
    • The Topix shed 0.8% to 1,263.29 at the close of trading in Tokyo. JPX-Nikkei Index 400 dropped 0.7% to 11,505.50.
    • ETFs: DXJ, EWJ, DFJ, NKY, DBJP, EZJ, EWV, SCJ, JPNL, DXJS, JSC, ITF, JPP, JPNS, HEWJ, FJP, DXJH, DXJR, DXJF, DXJC, DXJT, FXY, YCS, JYN, YCL
    | 5 Comments
  • Jul. 10, 2014, 10:19 AM
    • Japan's core machinery orders fell again in May, plunging 19.5%, and followed a continuing downward trend of April's 9.1% drop.
    • The recent falls suggest a further limit in capital spending, and triggered the Japan Cabinet Office to reduce its estimate on machinery orders.
    • ETFs: DXJ, EWJ, DFJ, NKY, DBJP, EZJ, EWV, SCJ, DXJS, JPNL, JSC, ITF, JPP, JPNS, HEWJ, FJP, QJPN, DXJC
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  • Jun. 23, 2014, 4:15 AM
    • Japanese shares rose to a five-month high today, after a positive survey on Chinese manufacturing added to gains caused by the Fed's dovish monetary policy. The Nikkei climbed 0.1% to 15,369.28, its highest close since January 29. The benchmark has risen almost 10% since the end of May.
    • The Topix also rose 0.1% to 1,267.48 at the close of trading in Tokyo, with 1.96B shares changing hands. JPX-Nikkei Index 400 fell 0.1% to 11,537.06.
    • ETFs: DXJ, EWJ, DFJ, NKY, DBJP, EZJ, EWV, SCJ, JPNL, DXJS, JSC, ITF, JPP, JPNS, HEWJ, FJP, DXJH, DXJR, DXJF, DXJC, DXJTFXY, YCS, JYN, YCL
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  • Jun. 17, 2014, 4:09 AM
    • Japanese shares rose today, with the Nikkei climbing 0.3% to 14975.97, after dropping 1.1% on Monday, although trading volume hit its two month low amid escalating tensions in the Middle East and Ukraine.
    • The Topix rose 0.3% to 1,238.20 at the close of trading in Tokyo, with 1.68B shares changing hands. JPX-Nikkei Index 400 also ended up 0.3% at 11,275.02.
    • Dollar/yen slid back 0.1% to ¥101.91, after rising 0.2% yesterday.
    • ETFs: DXJ, EWJ, DFJ, NKY, DBJP, EZJ, EWV, SCJ, JPNL, DXJS, JSC, ITF, JPP, JPNS, HEWJ, FJP, DXJH, DXJR, DXJF, DXJC, DXJTFXY, YCS, JYN, YCL
    | 2 Comments
  • Jun. 9, 2014, 3:42 AM
    • Asian stocks hit their highest levels in nearly three years today, after the Dow and S&P 500 ended at new records on Friday. The Nikkei stock average is up by over 0.3%, and MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS is also up about 0.3%, after reaching its highest levels since July 2011.
    • Other data today has shown Japan's economy growing 1.6% in January-March from the previous quarter, which revised preliminary data showing 1.5% growth.
    • The yuan rose after the People's Bank of China unexpectedly fixed its daily midpoint higher against the dollar for the second straight session, leading to an additional rise in other Asian currencies.
    • ETFs: DXJ, EWJ, FXY, YCS, DFJ, JYN, NKY, DBJP, EZJ, EWV, YCL, SCJ, JPNL, DXJS, JSC, ITF, JPP, JPNS, HEWJ, FJP, DXJR, DXJT, DXJH, DXJC, DXJF
    | 1 Comment
  • Jun. 8, 2014, 8:40 PM
    • Saying capital spending rose 34.2% vs. a first guess of 21%, the Japanese government ups Q1 GDP growth to 6.7% from the initial 5.9% estimate. Economists had forecast a downward revision to just 5.5%.
    • Also boosting the economy in Q1, of course, was a surge in consumption ahead of an increase in the sales tax in April, and economists are forecasting GDP to contract about 4% in Q2.
    • The Nikkei is higher by 0.8% in early Monday morning action, and the yen is steady at ¥102.57.
    • ETFs: DXJ, EWJ, FXY, YCS, DFJ, JYN, NKY, DBJP, EZJ, EWV, YCL, SCJ, JPNL, DXJS, JSC, ITF, JPP, JPNS, HEWJ, FJP, DXJR, DXJT, DXJH, DXJC, DXJF
    | 9 Comments
  • Jun. 2, 2014, 7:56 AM
    • The Government Pension Investment Fund should announce a reshuffling of assets in which, predicts Nomura, it would sell as much as $200B in domestic bonds to buy overseas assets. The team at Nomura sees the move as weakening the yen about about 10%.
    • If done at the right time, says Mitsubishi UFJ's Daisaku Ueno, dollar-yen could top ¥110 this year (¥102 at the moment).
    • A Bloomberg survey sees the fund cutting its local bond holding from 60% to 40%, and boosting its targets for foreign stocks to 17% and 14% (from 12% and 11%, respectively).
    • The Nikkei closed 2.1% higher overnight.
    • ETFs: DXJ, EWJ, FXY, YCS, DFJ, JYN, NKY, DBJP, EZJ, EWV, YCL, SCJ, JPNL, DXJS, JSC, ITF, JPP, JPNS, HEWJ, FJP, DXJT, DXJH, DXJC, DXJR, DXJF
    | 1 Comment
  • May. 22, 2014, 8:28 AM
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  • May. 21, 2014, 2:31 AM
    • As expected, the Bank of Japan has left its key interest rate at 0.1% and maintained its program of expanding the monetary base by ¥60-70T ($580-680B) a year.
    • Meanwhile, Japan's trade deficit narrowed to ¥844.62B in April from ¥1.63T in March.
    • Export growth strengthened to 5.1% from 1.8% and topped consensus of 4.8%.
    • Imports slowed to +3.4% from +18.1% and exceeded forecasts of +0.8%. The high increase in March was due to a last-minute shopping spree before the sales tax increased on April 1.
    • Exports have disappointed over the past year or so despite the weak yen, prompting fears for Japan's economic recovery and sparking increased speculation that the BOJ might add to its massive asset-buying policy.
    • "We have to wait for exports to recover strongly before we will see a real drop in the trade deficit and that situation is still way out of sight," says economist Yoshiki Shinke.
    • The USD-JPY is -0.15% at ¥101.18, while the Nikkei is -0.2%.
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, JGBD, DFJ, JYN, NKY, DBJP, EZJ, EWV, YCL, SCJ, DXJS, JPNL, JSC, ITF, JGBL, JPP, JGBT, JPNS, HEWJ, JGBB, FJP, DXJH, DXJT, DXJC, DXJR, DXJF
    | Comment!
  • May. 19, 2014, 3:50 AM
    • Japanese machinery orders, a leading indicator of capital expenditure, have grown at the fastest rate since 1996, surging 19.1% on month in March after slumping 4.6% in February and slaying expectations for a rise of 6%.
    • On year, bookings +16.1% vs +10.8% and consensus of +4.2%.
    • While the jump in orders came before a hike in sales tax on April 1, companies expect bookings to grow 0.4% on quarter in Q2 for the fifth consecutive gain.
    • "The recovery in business investment remains on track," says economist Marcel Thieliant. "The rising level of capacity usage also suggests that companies will continue to invest in machinery and equipment, despite the likely plunge in aggregate demand this quarter after the consumption tax hike."
    • Despite the blow-out data, the Nikkei ends -0.6%, while the USD-JPY is -0.2% at ¥101.36. (PR)
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, JGBD, DFJ, JYN, NKY, DBJP, EZJ, EWV, YCL, SCJ, DXJS, JPNL, JSC, ITF, JGBL, JPP, JGBT, JPNS, HEWJ, JGBB, FJP, DXJH, DXJT, DXJC, DXJR, DXJF
    | 1 Comment
  • May. 7, 2014, 7:39 AM
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  • May. 2, 2014, 3:53 AM
    • Japan's unemployment rate held steady at 3.6% in March, as expected (PR)
    • Overall household spending jumped 7.2% on year after dropping 2.5% in February and blew past consensus of +1%. The likelihood is that consumers rushed to make purchases before a hike in sales tax to 8% from 5% went into effect on April 1. (PR)
    • The impact of the tax rise may not be as strong as feared, as auto makers and major department-stores yesterday reported smaller-than-expected declines in April sales.
    • The Nikkei is +0.6%, while the USD-JPY is +0.15 at ¥102.48.
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, JGBD, DFJ, NKY, JYN, DBJP, EZJ, EWV, YCL, SCJ, DXJS, JPNL, JSC, ITF, JGBL, JPP, JGBT, JPNS, JGBB, HEWJ, FJP, DXJH, DXJT, DXJC, DXJR, DXJF
    | Comment!
  • Apr. 28, 2014, 2:18 AM
    • Japanese retail sales jumped at the fastest level in 17 years in March, climbing an expected 11% on year after growing 3.6% in February.
    • On month, sales soared 16.1% vs +1.3%.
    • The reason for the large gain is that consumers rushed to purchase goods before a rise in sales tax to 8% from 5% went into effect on April 1. The upshot is that sales are expected to fall this month but then recover in May.
    • The Nikkei is -1.05%, while the USD-JPY is +0.05% at ¥102.25.
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, JGBD, DFJ, NKY, JYN, DBJP, EZJ, EWV, YCL, DXJS, SCJ, JPNL, JSC, ITF, JGBL, JPP, JGBT, JPNS, JGBB, HEWJ, FJP
    | Comment!
  • Apr. 25, 2014, 2:25 AM
    • Japanese core inflation, which excludes fresh food prices, held steady at 1.3% on year in March but came in below consensus of 1.4%.
    • Core core CPI, which excludes fresh food and energy, slipped to +0.7% from +0.8% in February.
    • Overall inflation increased to 1.6% from 1.5%.
    • Tokyo CPI surged to +2.9% in April from +1.3% in March and core inflation to 2.7% from 1% for the biggest rise since 1992, boosted by the hike in sales tax at the start of the month. Excluding that increase, prices rose just 1%, as in March.
    • The question is whether the Bank of Japan's attempt to push inflation to 2% by 2015 has stalled despite the BOJ's massive bond-buying. If so, the bank might feel the need to increase its asset purchases. (PR)
    • BOJ officials are increasingly concerned that the domestic bond market isn't reflecting how inflation has risen over the past year or so, Bloomberg reports. That raises the risk that yields could suddenly surge. The problem for the BOJ is that yields have stayed low because of its QE program.
    • Meanwhile, President Barack Obama has ended a three-day trip to Japan without sealing a trade deal that's seen as key to the wider 12-nation Trans-Pacific Partnership. While the U.S. and Japan have made a breakthrough on market access, gaps remain.
    • The Nikkei is +0.2% and the USD-JPY is flat at ¥102.33.
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, JGBD, DFJ, NKY, JYN, DBJP, EZJ, EWV, YCL, SCJ, DXJS, JPNL, JSC, ITF, JGBL, JPP, JGBT, JPNS, JGBB, HEWJ, FJP
    | Comment!
  • Apr. 22, 2014, 4:06 AM
    • Japan has overhauled the investment committee of its $1.26T Government Pension Investment Fund (GPIF), the world's largest pension fund.
    • Prime Minister Shinzo Abe wants the GPIF to improve returns by making higher-risk investments and reducing its reliance on low-yielding government bonds.
    • Citigroup believes that the Bank of Japan could increase its bond-buying to offset reduced JGB purchases by the GPIF.
    • The revamp is part of Abe's "third arrow" of his strategy to reform the economy and lift Japan out of deflation.
    • Because of its mammoth size, the GPIF is closely watched as a bellwether for Japan's institutional investors. Last June, it increased its weighting of domestic stocks and lowered that for Japanese bonds.
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, JGBD, DFJ, NKY, JYN, DBJP, EZJ, EWV, YCL, SCJ, DXJS, JPNL, JSC, ITF, JGBL, JPP, JGBT, JPNS, JGBB, HEWJ, FJP
    | 1 Comment
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JSC Description
The SPDR® Russell/Nomura Small Cap™ Japan ETF, before expenses, seeks to closely match the returns and characteristics of the total return performance of the Russell/Nomura Japan Small Cap Index, an equity index based upon the Japanese small cap equity market. Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking, and lower costs.
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