JAPAN: Sharply Different!
After reports yesterday and this morning that Sharp's banks and external directors had recommended Sharp "reconsider" or "take a deeper look at"...
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Increasing Shorts on Strength
Our sell out of Asian longs yesterday was timely. S&P top is in place at 1,940 (futures) after hitting our base case level of 1,938 with risk...
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Asia Calling: From Currency Wars to Competitive Monetary Easing
* The BoJ shocked the market, cutting rates to negative and threatening further rate cuts if needed* The apparent change in BoJ stance has to be...
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Jumping the Shark? Jumping the Sharp?
In the beginning, Arthur Fonzarelli was cool. Then, after four seasons of hit sitcom Happy Days, the writers apparently felt things were a bit dull...
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Beware of Thinning Margins for Japan Banks, Especially as Credit Costs Normalize
Net interest margins are core to bank income, and in Japan the levels are frighteningly low. When we focus on credit cycles and regulatory change...
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