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the yen and the unraveling of Abenomics
Last week the Tokyo stock market had two days in which the benchmark Topix index fell by more than 5%. For the week as a whole, the market declined by 12.5% (the quirky Nikkei 225, the Japanese...
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Foxconn and Sharp Corp (6753), an update
A month ago, I wrote about the merger proposal for Japanese video screen maker Sharp Corp (6753) made by Taiwan-based Foxconn (aka Hon Hai Precision). Foxconn had offered to acquire control of Sharp...
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yen strength a minus for Abenomics
This time a year ago $1 bought about 120 yen. That figure was 125+ last June. The rate was 113, however, a week ago–and 108- today. This amounts about a 10% year-on-year gain in the yen’s purchasing...
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unrest in the Land of Wa
Contrary to market expectations, the Bank of Japan, that country’s equivalent of the US Federal Reserve, declined today to add to its already super-extraordinarily loose monetary policy. Reaction in...
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the EU today: structural adjustment needed
Let’s assume that my description of the EU ex the UK is correct–that beneficiaries of the traditional order (the elites) are, and will continue to be, successful at thwarting structural change that...
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Softbank and ARM Holdings
a brief history of Softbank Softbank is a Japanese company incorporated in 1981. It has a non-establishment CEO, Masayoshi Son, notoriously opaque financials and a reputation as a maverick in its home...
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Nintendo (TYO:7974) and Pokemon Go
Nintendo in a nutshell Nintendo is a non-establishment Japanese company that started out making playing cards but became a worldwide sensation early in the videogame era. It’s the creator of the...
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Emperor Akihito and abdication
On the same weekend that Alex Rodriguez, 41, announced his retirement from baseball, Japanese Emperor Akihito, 82, made an address to the Japanese nation in which he indicated his desire to abdicate–a...
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current Japanese inflation? ..there is none
Deflation means that prices in general are falling. If this is the case, it’s better to put off buying new things for as long as possible, until they’re 100% absolutely needed. That’s because...
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the curious case of Toshiba and the Mitsui keiretsu
The Financial Times, now owned by the Nihon Keisei Shimbun (the Nikkei)–and which should therefore have a particularly sharp insight into goings on in corporate Japan, had an interesting article the...
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