Fri, Feb 5, 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. How Einhorn survived a nightmare year[more]

    From Bloomberg.com: Even when a hedge fund has an awful year, which was the case for David Einhorn's Greenlight Capital, there are lessons to be learned. Many funds would have had a tough time surviving a year like Einhorn experienced in 2015, when all the stars seemed to align against him and Green

  2. Legal - Hedge fund founder wins early release in U.S. insider trading case, Gramercy seeking $1.3 billion from Peru over land-bond dispute[more]

    Hedge fund founder wins early release in U.S. insider trading case From Reuters/Streetinsider.com: Former hedge fund manager Doug Whitman on Tuesday won a reprieve from serving the remainder of his two-year sentence for insider trading after several judges expressed skepticism that his 2

  3. Investing - David Einhorn finds a winner in Michael Kors[more]

    From Thestreetinsider.com: Greenlight Capital hedge fund manger David Einhorn took his lumps in 2015. The fund lost over 20 percent on the year amid bets gone bad being long a plunging SunEdison and short a couple high-flying FANG stocks. However, today Einhorn is again showing his stock picking pro

  4. Investing - Avenue Capital's Marc Lasry: We like European bank loans, Comment: A bunch of hedge fund managers are chasing the 'dream of crushing a major structural problem'[more]

    Avenue Capital's Marc Lasry: We like European bank loans From CNBC.com: European banks are under immense pressure, but at least one prominent hedge fund has found what it thinks is a good opportunity in the wreckage. Marc Lasry, co-founder and chief executive of hedge fund Avenue Capital

  5. Computer-driven hedge funds make money during January’s selloff[more]

    Komfie Manalo, Opalesque Asia: Commodity trading advisers (CTAs) that use computer programs to guide how they trade, made millions of dollars during last month’s market selloff on the back of declining oil prices and global equities and big moves in currencies. Data provider