Japan Specialist

Mark Chadwick

Thematic (Sector/Industry)

<ul>
<li>OVERSEAS. SPX -0.2% as Equities continued with Recession trade overnight with Defensive &gt;Cyclicals;  Tech, Discretionary, Industrials stocks hit;  ADP Employment+Services PMI add fuel to Recession narrative; Next up: Non-Farm Payrolls</li>
<li>JAPAN. NKY Futs -0.4% vs Cash; USDJPY 131.4; As US recession narrative strenghtens, expect selling of US exposed Discretionary; China weighs export ban on Rare earths;Rakuen cuts Bank IPO price</li>
<li>NUGGET. Panasonic+Stellantis=Expansion of Battery Profits.  IF Panasonic and Stellantis can agree, it could mean significant share price upside.</li>
</ul>


OVERSEAS. SPX -0.2% as Equities continued with Recession trade overnight with Defensive &gt;Cyclicals;  Tech, Discretionary, Industrials stocks hit;  ADP Employment+Services PMI add fuel to Recession narrative; Next up: Non-Farm Payrolls
JAPAN. NKY Futs -0.4% vs Cash; USDJPY 131.4; As US recession narrative strenghtens, expect selling of US exposed Discretionary; China weighs export ban on Rare earths;Rakuen cuts Bank IPO price
NUGGET. Panasonic+Stellantis=Expansion of Battery Profits.  IF Panasonic and Stellantis can agree, it could mean significant share price upside.


Good Morning Japan |Recession Fears Dominate; NUGGET: Panasonic+Stellantis =Expanded Battery Profits

<ul>
<li>OVERSEAS. Fed Chair Powell delivers expected +25bps;  Hawkish pledge on inflation + Yellen's testimony rattles markets; Safety trade reasserts; Seems like more volatility ahead for all markets. </li>
<li>JAPAN. NKY Futs -1.7% vs Cash; USDJPY strengthens to 131.4 n rush to safety; Monetary nomalization on course in Japan - solid Land price gains + continued wage hikes. </li>
<li>NUGGET. NIKON - Riding the Digital Camera Renaissance.  Camera demand has stabilizes and is recovering as consumers shift to high end models. </li>
</ul>


OVERSEAS. Fed Chair Powell delivers expected +25bps;  Hawkish pledge on inflation + Yellen's testimony rattles markets; Safety trade reasserts; Seems like more volatility ahead for all markets. 
JAPAN. NKY Futs -1.7% vs Cash; USDJPY strengthens to 131.4 n rush to safety; Monetary nomalization on course in Japan - solid Land price gains + continued wage hikes. 
NUGGET. NIKON - Riding the Digital Camera Renaissance.  Camera demand has stabilizes and is recovering as consumers shift to high end models. 


Good Morning Japan |Yellen/Powell Rattles Markets; NUGGET: NIKON - Riding the DigiCam Renaissance

<ul>
<li>OVERSEAS.  SPX Clings to Positive gains - barely; Powell Testimony in Focus;  Commodities Weak on dissappointing China growth target; GS upgrade Apple to BUY; Telsa cuts prices (again)</li>
<li>JAPAN. NKY Futs Flat vs Cash; USDJPY 136; Progress on Japan-S.Korea Relation normalization; Public increasingly supports nuclear restarts;  Toyota rolls out BEV in China; Win for Rakuten in "Open Ran"</li>
<li>NUGGET. AI Development platforms are being rolled around across Japan's manufacturing sector to improvement R&amp;D efficiency. This has the potential to drive significant value, especially in Japan Big Pharma</li>
</ul>


OVERSEAS.  SPX Clings to Positive gains - barely; Powell Testimony in Focus;  Commodities Weak on dissappointing China growth target; GS upgrade Apple to BUY; Telsa cuts prices (again)
JAPAN. NKY Futs Flat vs Cash; USDJPY 136; Progress on Japan-S.Korea Relation normalization; Public increasingly supports nuclear restarts;  Toyota rolls out BEV in China; Win for Rakuten in "Open Ran"
NUGGET. AI Development platforms are being rolled around across Japan's manufacturing sector to improvement R&amp;D efficiency. This has the potential to drive significant value, especially in Japan Big Pharma


Good Morning Japan |SPX Holds On..barely; Powell Testimony in Focus; NUGGET: AI & Japan Big Pharma

Expert on Japan Retail and Consumer Markets, JapanConsuming

Michael Causton

Expert on Japan Retail and Consumer Markets

Real Insight on Japanese Consumer Markets

JapanConsuming

JapanConsuming is a specialist research firm producing intelligence on Japanese retail and consumer markets. Founded in 2000, JapanConsuming has become the leading provider of insights on Japanese retailers and consumer trends to retailers, brands, government agencies and investors. As well as a highly regarded monthly report on the market, JapanConsuming produces in-depth reports on retail sectors, seminars on key trends and telephone consulting to investors on trends and retailers.

JapanConsuming was founded by Michael Causton and Roy Larke. 

<ul>
<li>Inflation remains the biggest headwind but most retail formats will see growth in 2023 with e-commerce expected to become the largest channel in the next 18 months.</li>
<li>Supermarkets are ripe for consolidation as new competitors emerge from the discount sector and online while convenience stores will consolidate further in a saturated sector.</li>
<li>Department stores will rebound further but only the leading firms will survive in a contracting sector.</li>
</ul>


Inflation remains the biggest headwind but most retail formats will see growth in 2023 with e-commerce expected to become the largest channel in the next 18 months.
Supermarkets are ripe for consolidation as new competitors emerge from the discount sector and online while convenience stores will consolidate further in a saturated sector.
Department stores will rebound further but only the leading firms will survive in a contracting sector.


<ul>
<li>OVERSEAS.  SPX close flat and keeps the 4100 support; CPI inline but Rates higher; USD stronger as Fed Hawks back out; Telsa +7% Bullish Initiation; Boeing Again-massive India order.</li>
<li>JAPAN.  Nikkei Futures +0.5% vs Cash; USDJPY weakens to 133. 15;  BOJ Governor designate nominated but with weak GDP print, don't expect much chg ST; Massive ShareBuyback  from  Idemetsu Kosan</li>
<li>DAILY NUGGET. Global EV Sales in 2022  was $388 billion, +58%YoY. Is this what it will take to get to Japanese OEM to step on the gas ?</li>
</ul>


OVERSEAS.  SPX close flat and keeps the 4100 support; CPI inline but Rates higher; USD stronger as Fed Hawks back out; Telsa +7% Bullish Initiation; Boeing Again-massive India order.
JAPAN.  Nikkei Futures +0.5% vs Cash; USDJPY weakens to 133. 15;  BOJ Governor designate nominated but with weak GDP print, don't expect much chg ST; Massive ShareBuyback  from  Idemetsu Kosan
DAILY NUGGET. Global EV Sales in 2022  was $388 billion, +58%YoY. Is this what it will take to get to Japanese OEM to step on the gas ?


Good Morning Japan |SPX Holds Key 4100 Level in Choppy Session Post CPI; EVs-Where Are the Japanese?

Japan

Rakuten Group, Inc. provides Internet services. The Company offers Internet finance services which including "Rakuten Card" and "Rakuten Bank". Rakuten Group also provides digital content services including electronic book services.

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Rakuten (4755 JP)

Good Morning Japan |Recession Fears Dominate; NUGGET: Panasonic+Stellantis =Expanded Battery Profits

As the US recession narrative strengthens, there is an expectation of increased selling pressure on US-exposed discretionary stocks. Watching the...

Mark Chadwick

Good Morning Japan |Yellen/Powell Rattles Markets; NUGGET: NIKON - Riding the DigiCam Renaissance

Fed Chair Powell delivers expected +25bps; Hawkish pledge on inflation + Yellen's testimony rattles markets; Safety trade reasserts; Seems like...

Mark Chadwick

Good Morning Japan |SPX Holds On..barely; Powell Testimony in Focus; NUGGET: AI & Japan Big Pharma

SPX holds on to gains ahead of Powell testimony; Progress on Japan-S.Korea Relation normalization; Nuclear restart support increases; Toyota...

Mark Chadwick

Outlook for Japanese Retail in 2023

Most Japanese retailers can look forward to a good year in 2023 but there will be challenges for formats like supermarkets where consolidation is...

Michael Causton

Good Morning Japan |SPX Holds Key 4100 Level in Choppy Session Post CPI; EVs-Where Are the Japanese?

CPI leaves markets confused, but Beta and cycliclals bid anwyay. Nikkei Futures +0.5% vs Cash; BOJ Governor designate nominated but with weak GDP...

Mark Chadwick

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