Asean-focused. Ex-Head of Thai Research

Athaporn Arayasantiparb, CFA

Thematic (Sector/Industry)

Japan continues to exert heavy influence on Thailand's economy. A weaker yen can benefit Thai exporters, especially in automobiles, due to the close integration between their supply chains. It benefits outbound tourism to Japan at the expense of inbound tourism to Thailand (hurting hotels and healthcare), but overall, the airport and airline stocks, who are agnostic to direction, will benefit.

Japan continues to exert heavy influence on Thailand's economy. A weaker yen can benefit Thai exporters, especially in automobiles, due to the close integration between their supply chains. It benefits outbound tourism to Japan at the expense of inbound tourism to Thailand (hurting hotels and healthcare), but overall, the airport and airline stocks, who are agnostic to direction, will benefit.

Asia Economist and CEO, Centennial Asia Advisors

Manu Bhaskaran

Asia Economist and CEO

Centennial Asia Advisors

At Centennial Asia Advisors, we tell it like it is. We have no vested interests, no need for a China wall, and no reason to skew our outlook any other way. With over 30 years experience covering Asia’s political economy, you can be sure our conclusions and analyses are based on the unadulterated facts. Through years of fine-tuning our research methodologies, we deliver a quality of macroeconomic analysis few other houses can match.

Centennial Asia Advisors is an independent research and advisory firm that works with governments, multilateral institutions, financial firms and leading MNCs.

Economic Policy and Strategic Advisors

Macroeconomics

<ul><li>At a time of growing unease about political and economic risks in major economies, and continued uncertainty over the strength of the US recovery and its implications for the Federal Reserve’s monetary policy, investors have flocked into assets in Asian EMs.</li><li>The question is whether this perception of the relative safety of Asian emerging markets will remain now that valuations in Asian markets have expanded so much. We think a moderation of such capital inflows is forthcoming.</li></ul>

At a time of growing unease about political and economic risks in major economies, and continued uncertainty over the strength of the US recovery and its implications for the Federal Reserve’s monetary policy, investors have flocked into assets in Asian EMs.The question is whether this perception of the relative safety of Asian emerging markets will remain now that valuations in Asian markets have expanded so much. We think a moderation of such capital inflows is forthcoming.

Japan TMT Analyst

Pelham Smithers

Market Intel on Asian Tech with a Japan focus

Pelham Smithers Associates

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods. 

Research is provided by the following:
Pelham Smithers: Macro, consumer electronics, telecoms & pharma
Joel Scheiman: Electronics materials / components
Julie Boote: Autos
Will Nestuk: Capital goods, machinery & transportation equipment parts
Thao Nguyen: eCommerce, internet content, marketing & advertising

On 8th July, the outstanding arbitrage position fell to 385 million shares, which is the lowest since February 2009, when the Lehman Crisis was reaching its nadir as far as the Japanese stock market is concerned. What appears to have happened is that the June roll-over was proceeding smoothly and a position of over 500 million shares had been built up in the September contract, three days before SQ, when ETF-related cash programs forced the futures into a discount and traders halted the…

On 8th July, the outstanding arbitrage position fell to 385 million shares, which is the lowest since February 2009, when the Lehman Crisis was reaching its nadir as far as the Japanese stock market is concerned. What appears to have happened is that the June roll-over was proceeding smoothly and a position of over 500 million shares had been built up in the September contract, three days before SQ, when ETF-related cash programs forced the futures into a discount and traders halted the…

Japan Outstanding Futures Arb Position Hits Post-Lehman Low

Founder and CEO, Europacifica Consulting

Naomi Fink

Founder and CEO

Europacifica Consulting

In the shadow of the EU referendum, rising support for conservative political factions among disaffected voters seems to have rubbed off on Japan, otherwise not known for exciting electoral outcomes, of late. Indeed, we must go back to 2003 to cite an example of where dollar-yen moved more than 1% in either direction in the wake of a Japanese election (moreover, in 2003 this was a Lower House election, generally of greater impact upon Japanese legislation).  The Nikkei 225 has tended to be…

In the shadow of the EU referendum, rising support for conservative political factions among disaffected voters seems to have rubbed off on Japan, otherwise not known for exciting electoral outcomes, of late.   Indeed, we must go back to 2003 to cite an example of where dollar-yen moved more than 1% in either direction in the wake of a Japanese election (moreover, in 2003 this was a Lower House election, generally of greater impact upon Japanese legislation).  The Nikkei 225 has tended to be…

Japanese Elections: "Abenomics" Versus a Move to the Right

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Buybacks (or "own share purchases") by listed companies Japan are likely to be at a record this year. In only the first 5 months of calendar 2016, Japanese companies have announced JPY 4.3trln yen of buybacks, and in the past ten years, only two full years have seen higher totals (2007 and 2015 at just over 4.5trln yen each). There will likely be a lot more before the year-end and a lot of them will take place by ToSTNeT-3 buyback. The announcement today of a ToSTNeT-3 buyback by <a href="https://www.smartkarma.com/entities/783" target="_blank" data-smartkarma-citation="entities:783">NTT</a>  for up to…

Buybacks (or "own share purchases") by listed companies Japan are likely to be at a record this year. In only the first 5 months of calendar 2016, Japanese companies have announced JPY 4.3trln yen of buybacks, and in the past ten years, only two full years have seen higher totals (2007 and 2015 at just over 4.5trln yen each). There will likely be a lot more before the year-end and a lot of them will take place by ToSTNeT-3 buyback. The announcement today of a ToSTNeT-3 buyback by NTT  for up to…

Japan

WisdomTree Japan Hedged Equity Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the WisdomTree Japan Hedged Equity Index. The Fund invests in dividend paying companies incorporated in Japan and listed on the Tokyo Stock Exchange, while neutralizing the risk of the Japanese yen's fluctuations relative to the USD.

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Wisdomtree Japan Hedged Eq (DXJ US)

Abenomics the Sequel

Japan continues to exert heavy influence on Thailand's economy. A weaker yen can benefit Thai exporters, especially in automobiles, due to the...

Athaporn Arayasantiparb, CFA

Will Capital Still Flow into Asian EMs?

At a time of growing unease about political and economic risks in major economies, and continued uncertainty over the strength of the US recovery...

Manu Bhaskaran

Japan Outstanding Futures Arb Position Hits Post-Lehman Low

On 8th July, the outstanding arbitrage position fell to 385 million shares, which is the lowest since February 2009, when the Lehman Crisis was...

Pelham Smithers Associates

Japanese Elections: "Abenomics" Versus a Move to the Right

In the shadow of the EU referendum, rising support for conservative political factions among disaffected voters seems to have rubbed off on Japan,...

Naomi Fink

JAPAN: How a ToSTNeT-3 Buyback Works

Buybacks (or "own share purchases") by listed companies Japan are likely to be at a record this year. In only the first 5 months of calendar 2016,...

Travis Lundy

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