Wed, Sep 28, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Japanese epic bear market meets dramatic regime shift in macro-economic policy

Thursday, May 23, 2013

Beverly Chandler, Opalesque London:

There has already been a great deal of market and media coverage of the 'recovery’ in Japan. Speakers at the Opalesque Roundtable Japan 2013, sponsored by Eurex and Taussig Capital discussed the changes in the Japanese market from a local perspective.

Peter Tasker of Arcus Research explained that since the crisis of 2008, world financial markets have been in a completely different environment, and Japan in particular performed very poorly since then. "For example, the Japanese equity market in Autumn of 2012 was actually below where it was in early 2009, which was the bottom for most world markets" he said. "While most of the developed markets, even the troubled Eurozone, have made some progress up towards the highs of 2006-2007, Japan didn’t. The Japanese market was a very poor performer, despite the fact that the profitability of Japanese companies had improved quite a bit and recovered 50% or 60% of the peak levels of 2006-2007" Tasker explained.

The result was an unusual situation where profits go up but the market went down. "This has to be seen within the context of a mega-bear market that has been running since 1990 in which the whole class of equities has been discredited in the eyes of the i......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies[more]

    Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

  2. Studies - Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements, Cambridge: Look to private investments for best access to LatAm growth[more]

    Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements A new study of the hedge fund space by industry law firm Seward & Kissel LLP reveals a wealth of information regarding established hedge fund managers’ use of side letters—special agreements

  3. Activist News - Caesars 'optimistic' on deal with hedge fund creditors[more]

    From Reuters.com: Caesars Entertainment Corp said on Monday it remains "optimistic" of reaching a $5 billion deal with the bulk of its creditors to push its main operating unit out of bankruptcy, but one hedge fund bondholder said it will pursue litigation. Caesars offered a sweetened $5 billion set

  4. Hedge funds recover from losses as central banks give markets a respite[more]

    Komfie Manalo, Opalesque Asia: The Lyxor Hedge Fund index was up 0.4% from the week ending September 20 (-2.4% YTD), supported by the willingness of central banks to remain accommodative, Lyxor Asset Management said in its weekly briefing. It ad

  5. Perry Capital closing flagship fund after almost three decades[more]

    From Blooomberg.com: Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years. Perry, 61, is winding down his New York-based flagship fund as the industry confronts one of the most tumultuous periods in its history. In a letter to investors Monday, he said his style