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Land Of The Rising Stock MarketBespoke Investment Group • Tue, May 7 -
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Market Analysis: The YenHale Stewart • Tue, Apr 9 -
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Newcomer Precidian Launches Nikkei ETFMichael Johnston • Thu, Jul 14, 2011
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Land Of The Rising Stock MarketBespoke Investment Group • Tue, May 7
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Market Analysis: The YenHale Stewart • Tue, Apr 9
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NKY vs. ETF Alternatives
NKY Description
The MAXISSM Nikkei 225 Index ETF seeks to provide investments results that correspond generally to the price and yield performance, before fees and expenses, of publicity traded securities in the Japanese market, as measured by the Nikkei 225 index.
See more details on sponsor's website
See more details on sponsor's website
Country: Japan
Key Info
- In Your Portfolio: A Guide to International Equity ETFs
- Asset Class Performance: Countries
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- | Earnings
- | Dividends
- | M&A
- | On the move
- Sunday, March 3, 9:02 PM Haruhiko Kuroda - nominated to be next BOJ governor - ratchets up expectations for the central bank's first meeting under his leadership (April 3-4), telling parliament he will do whatever it takes to end deflation. Adding a bit of humor to his confirmation hearing, he says the BOJ's easing isn't aimed at weakening the yen. Dollar/yen -0.1% at ¥93.43. The NIkkei +0.7%. 9 Comments [Global & FX]
- Thursday, February 28, 2:06 AM The yen is lower against the dollar following Haruhiko Kuroda's nomination as the BOJ governor, with the greenback +0.2% at ¥92.41. The Nikkei rises 2.1% after falling sharply in the previous two sessions. Kuroda has advocated an inflation target for the BOJ for over a decade and reckons Japan can hit 2% within two years. 3 Comments [Global & FX, Top Stories, On the Move]
- Thursday, February 28, 1:55 AM As expected, Japanese Prime Minister Shinzo Abe has nominated Asian Development Bank President and uber dove Haruhiko Kuroda as the next Governor of the Bank of Japan. Abe also picked academic Kikuo Iwata, who backs unconventional monetary policy, and BOJ official Hiroshi Nakaso as deputy governors. The nominations will need opposition support to receive parliamentary approval. Comment! [Global & FX, Top Stories]
- Sunday, February 24, 2:07 PM Japanese PM Shinzo Abe is reportedly set to nominate Asian Development Bank President Haruhiko Kuroda as BOJ Governor. It's hard to think of a bigger dove. "The Bank of Japan must be prepared to do anything and everything" to achieve its 2% inflation target, he said in a January interview. Look for a big opening pop in the Nikkei, and a big opening drop in the yen. 11 Comments [Global & FX, Top Stories]
- Thursday, February 21, 9:05 AM Are investors having 2nd thoughts about the Abe trade - long Nikkei, short the yen (FXY)? Markets have lost count of the number of prime ministers promising change Japan's bureaucracy has chewed up and spit out (this is Abe's 2nd go-around). Market reaction to Abe's selection for next BOJ Governor will be key to seeing whether the stock rally, yen devaluation will continue. EWJ -0.7% premarket. Comment! [Global & FX]
- Sunday, February 17, 7:36 PM The G-20's silence on Japan's efforts to devalue the yen has that currency weaker and the Nikkei sharply higher in early Tokyo trade. The dollar +0.35% and buying ¥93.84. The Nikkei +1.8%. 6 Comments [Global & FX]
- Friday, February 15, 7:14 AM Just about the time George Soros lets leak he's been profitably short the yen is about the time he's probably covered. The yen (FXY) strengthens for a second session, the dollar -0.2% and buying ¥92.66. In concert, the Nikkei takes a breather, -1.2%. DXJ +8.8% YTD. Comment! [Global & FX]
- Wednesday, February 13, 8:23 AM Yesterday's G-7 statement was meant to slow the pace of the yen's slide, not to signal concern over the currency's current level, according to a source within the group. "There was a concern it may overshoot." FXY +0.2% premarket. The yen's strength following yesterday's release and clarification had the Nikkei off 1% last night. DXJ -0.5% premarket. Comment! [Global & FX]
- Tuesday, February 12, 10:03 AM WisdomTree's (WETF) Japan Hedged Equity Fund (DXJ) has YTD inflows of $2.1B. The amount places it second among all ETFs - impressive on its own, but "breathtaking" when considering total AUM are just $3.5B. The fund invests in Japanese stocks, but hedges exposure to the yen (as does DBJP). Both funds are up more than 30% in 90 days, double the return of EWJ. 1 Comment [Global & FX]
- Tuesday, February 12, 8:13 AM Negative real rates finally come to Japan. This chart of Japanese 5-year index-linkers from Ed Bradford shows the yield turning negative last November - right around the time stocks took off and the yen began its steep decent. Comment! [Global & FX]
- Monday, February 11, 4:52 PM A big move late in the yen (FXY -1.2% in regular trade, -0.6% AH) takes the currency to its weakest vs. the dollar in more than 2 years, the greenback now buying ¥94.32. The hedged Japan equity fund (DXJ) nods in approval, +2.4%. The Nikkei was closed Monday, but look for fireworks tonight. Earlier: The government drops all pretense and calls for Nikkei 13K by March 31. 5 Comments [Global & FX, On the Move]
- Monday, February 11, 9:45 AM Forget inflation targets, Japan now has a stock market target and it's Nikkei 13K by the end of March, according to Economy and Finance minster Akira Amari. If Japan has its own David Tepper, we're pretty sure we know what he's doing. Tokyo was closed overnight, but DXJ gains 1.2%. The yen slides, FXY -0.6%. 16 Comments [Global & FX, Quick Ideas]
- Wednesday, February 6, 7:01 AM The early retirement of BOJ Governor Shirakawa is cause for a party in Tokyo, with the Nikkei soaring 3.8%. The dollar strengthened vs. yen - nearly tapping on 2009 levels - before backing off to about unchanged on the session. BOJ board member Takehiro Sato says achieving the new 2% inflation goal would require as-yet untried QE methods. Can't wait. EWJ +1% premarket. 8 Comments [Global & FX]
- Tuesday, February 5, 8:17 AM The Yen Trust ETF (FXY) -1.3% premarket after BOJ Governor Shirakawa steps down three weeks ahead of schedule. PM Abe has made it clear he wants someone on the job who will be bolder with monetary policy (the U.S. has a couple to offer). Currently speaking at a news conference, Shirakawa says he's under no pressure to resign early. Sure. 2 Comments [Global & FX, On the Move]
- Sunday, February 3, 1:43 PM The government's mission to erode the value of its own obligations is being heard at Japan's public pension fund ($1.2T AUM), which considers cutting its 67% target allocation to government debt. "JGBs were how we made money over the past 10 years," says fund chief Mitani, his eyes clearly focused on other assets - domestic and overseas stocks to name two. 5 Comments [Global & FX]
- Friday, January 25, 2:51 PM "I only hope those in charge of managing my retirement accounts aren't among the Japan-bulls-come-lately," writes William Pesek, having lost count of the number of pump-priming, money-printing, devaluation rodeos Japan has been through over the past 20 years. Don't forget this is Shinzo Abe's second time as PM, and his first attempt was a crashing failure. 3 Comments [Global & FX]
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