Japan Economist, Japan Macro Advisors

Takuji Okubo

Japan Economist

Concise and Insightful Analysis on Japan Economy

Japan Macro Advisors

Our mission is to provide a concise and timely analysis on the Japanese economy for the benefit of global audiences. Communication, especially in foreign languages, has always been a weakness for the Japanese, which was fine when Japan's economic might attracted foreign media and various other institutions to study and report on Japan - such days are long gone. In the last two decades, we saw foreign institutions reallocating their resources from Japan to other more exciting parts of the world. As a result, when we read reporting on Japan in foreign media, we sense a subtle but noticeable decline in the depth of understanding what is actually happening in Japan.

Macroeconomics

Until recently, foreign workers were not of macroeconomic concern as the number was too small. As foreign workers now account for 2% of the total workforce and the number is growing nearly 20% per year, it could soon start to have a meaningful economic impact on Japan's labor market, consumption and most importantly, on the longer-term growth outlook for Japan.  The official stance of the Japanese government, especially that of the current Prime Minister Abe, is that Japan is not open to…

Until recently, foreign workers were not of macroeconomic concern as the number was too small. As foreign workers now account for 2% of the total workforce and the number is growing nearly 20% per year, it could soon start to have a meaningful economic impact on Japan's labor market, consumption and most importantly, on the longer-term growth outlook for Japan.   The official stance of the Japanese government, especially that of the current Prime Minister Abe, is that Japan is not open to…

Amareos

Ryan Shea

<h2>Summary</h2>Last September the BoJ announced a major change to its monetary policy operations. It introduced an explicit target for long-term Japanese government bond yields as a complement to its short-term interest rate target, a policy tool investors have become very familiar with given its widespread adoption over the past 30 or so years. As we argued at the time (see forked Insight), the significance of this policy change was lost on many investors. Incredibly, this remains so.  Many…

SummaryLast September the BoJ announced a major change to its monetary policy operations. It introduced an explicit target for long-term Japanese government bond yields as a complement to its short-term interest rate target, a policy tool investors have become very familiar with given its widespread adoption over the past 30 or so years. As we argued at the time (see forked Insight), the significance of this policy change was lost on many investors. Incredibly, this remains so.  Many…

The Market Sentimentalist - Monetary Delusions

Fintech, Real-time Big-Data Analytics Provider, Nowcast, Inc.

Ryota Hayashi

Fintech, Real-time Big-Data Analytics Provider

Nowcast, Inc.

We at Nowcast develop "Big-Data Economic Analytics Platforms".  We aim to revolutionize the financial markets by providing "accurate" and "real-time" analytics based on economic indicators and corporate activity data procured worldwide. 

Our Main Services

(1) Real-time Analytics
With our Nikkei CPI Now Index at our core, we provide real time analytics of global economic indicators such as POS Data. By utilizing Big-Data technology, we also provide real-time analytics of micro level data such as corporate earnings. 

(2) Big-Data Application Consulting
We too provide business consultation and conduct joint research on initiatives that strive to use data, such as from the operation capacity of construction machinery to number of passengers on railroad trains, as economic indicators. We provide continuous support to Data Scientists specialized in economics in their proposal stage, product development and up till its business development. 

(3) Monetary Policy Insights
With the proactive involvement of and support from from academicians in macroeconomics & key figures in the financial industry, we produce reports, conduct seminars and meetings that discuss about the forecast of financial markets, provide intellectual suggestions on asset allocation, etc. 

<ul><li>March: The growth rate of new core core CPI for March will stay almost the same.</li><li>The Nikkei CPINow T index (for February 2017) maintained at 0.0%.</li><li>The Nikkei CPINow S index (for March 2017) increased by 0.59%.</li><li>This March 2017 Review is a part of the monthly report series which looks into analyzing the current developments in Japan's economy based on The Nikkei CPINow S index &amp; T index.</li></ul>

March: The growth rate of new core core CPI for March will stay almost the same.The Nikkei CPINow T index (for February 2017) maintained at 0.0%.The Nikkei CPINow S index (for March 2017) increased by 0.59%.This March 2017 Review is a part of the monthly report series which looks into analyzing the current developments in Japan's economy based on The Nikkei CPINow S index &amp; T index.

March 2017 Review of Current Development in Japan's Economy

Doing bespoke work since 2002....., Custom Products Group

Patrick Hansen

Doing bespoke work since 2002.....

Custom Products Group

Custom Products was started 14 years ago at Lehman Brothers by current co-founder Patrick Hansen, CFA. After 3 years at Lehman, Patrick moved the team to Macquarie Securities where Simon Rigney (co-founder) joined. 3 years ago we took Custom Products independent. 

Our core strength can be summed up three words. 1- Customization - we have very little off the shelf products and most work is done on a one on one bespoke basis. 2- Speed - We pride ourselves in our ability to get requests back to the client very quickly. 3- Confidentiality - We do not redistribute. There is no grace period where we wait a week and then mass blast. Any request stops with that client.

Thematic (Sector/Industry)

With TOPIX up approx. 30% since the end of June last year, we wanted to update the Hated by the Street screen and focus on names that missed the rally. We screened for names that <ol>
<li>% of BUY Recommendations to Total is less than 30%. </li>
<li>Have underperformed TOPIX by more than 10% since last June.</li>
<li>PBR relative to the sector median PBR is less than 0.8.</li>
</ol><h2>Screen Results</h2><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/022/936/original/1.png?1490134662" class="editor-image img-responsive" data-smartkarma-image-id="22936"></figure><div class="content-caption">Source: Custom Products</div>If we look at the worst performers relative to TOPIX, <a href="https://www.smartkarma.com/entities/19147" target="_blank" data-smartkarma-citation="entities:19147:1">Sawai Pharmaceutical Co Ltd (4555 JP)</a> tops the list, down 42%…

With TOPIX up approx. 30% since the end of June last year, we wanted to update the Hated by the Street screen and focus on names that missed the rally. We screened for names that 
% of BUY Recommendations to Total is less than 30%. 
Have underperformed TOPIX by more than 10% since last June.
PBR relative to the sector median PBR is less than 0.8.
Screen ResultsSource: Custom ProductsIf we look at the worst performers relative to TOPIX, Sawai Pharmaceutical Co Ltd (4555 JP) tops the list, down 42%…

Hated Names that Missed the Rally in Japan.....

<ul><li>January 0.1% Increase From Previous Year: New Core Core CPI</li><li>New Core-Core CPI’s January percentage increased by 0.2% from the previous year and increase by 0.1% from the previous month</li><li>The February New Core Core CPI is predicted to increase</li></ul>

January 0.1% Increase From Previous Year: New Core Core CPINew Core-Core CPI’s January percentage increased by 0.2% from the previous year and increase by 0.1% from the previous monthThe February New Core Core CPI is predicted to increase

Evaluating the Performance of Bank of Japan's Core Core

Japan

NEXT FUNDS JPX-Nikkei Index 400 Exchange Traded Fund is an exchange traded fund incorporated in Japan. The objective of the fund is to provide investment results that correspond to the performance of the Nikkei Index 400.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Nomura Next F Jpx Nikkei 400 (1591 JP)

The Rise of Foreign Workers in Japan

Until recently, foreign workers were not of macroeconomic concern as the number was too small. As foreign workers now account for 2% of the total...

Takuji Okubo

The Market Sentimentalist - Monetary Delusions

SummaryLast September the BoJ announced a major change to its monetary policy operations. It introduced an explicit target for long-term Japanese...

Amareos

March 2017 Review of Current Development in Japan's Economy

March: The growth rate of new core core CPI for March will stay almost the same. The Nikkei CPINow T index (for February 2017) maintained at...

Nowcast, Inc.

Hated Names that Missed the Rally in Japan.....

With TOPIX up approx. 30% since the end of June last year, we wanted to update the Hated by the Street screen and focus on names that missed the...

Custom Products Group

Evaluating the Performance of Bank of Japan's Core Core

January 0.1% Increase From Previous Year: New Core Core CPI New Core-Core CPI’s January percentage increased by 0.2% from the previous year and...

Nowcast, Inc.

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)