Daily BriefsThematic (Sector/Industry)

Daily Brief Thematic (Sector/Industry): Good Morning Japan |NYSE Glitches; Stocks Mixed; While JP Freezes the Public Warms to Nuclear Power and more

In today’s briefing:

  • Good Morning Japan |NYSE Glitches; Stocks Mixed; While JP Freezes the Public Warms to Nuclear Power
  • Japan Fintech – Cashless Payments Competition Is Heating Up

Good Morning Japan |NYSE Glitches; Stocks Mixed; While JP Freezes the Public Warms to Nuclear Power

By Mark Chadwick

  • OVERSEAS.  Stocks Mixed as SPX -0.1% as NYSE Glitches on Open;  MSFT Beats  but Chip Giant Texas Instruments weak; DoJ calls for Google Ad Break up
  • JAPAN.  NKY Futs -0.4% vs Cash; USDJPY steady at 130.19; Japan Freezes – No Joke; Nikkei Survey shows public sentiment toward Nuclear Power improving; Nidec misses; Elliot tgts DNP
  • DAILY NUGGET. Is Japan Stuck ? This is the view of outgoing BBC reporter. We disagree – changes are happening.

Japan Fintech – Cashless Payments Competition Is Heating Up

By Kirk Boodry

  • Japan trails global peers in the proportion of payments that are cashless but it is starting to close the gap led by Internet and telecom companies
  • Rakuten is a fintech leader in Japan (15% of cashless payments) but PayPay is closing the gap as it ramps up cashless app users
  • We expect compound annual growth in the mid-teens but margin expansion will be limited by competitive intensity

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