On tenterhooks
Article Abstract:
Japanese share prices have dropped in Jan 1997, and the government has stated that it will not intervene. Intervention would run counter to plans to deregulate the Japanese financial services industry, but the government is concerned about the impact of lower share prices. This could be reflected in purchases of shares by pension funds. Lower share prices hit the banking industry which could to its capital adequacy requirements eroded by share price falls. There is concern about the impact of tighter fiscal policy on the Japanese economy and this has affected shares.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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A mixed picture
Article Abstract:
Goldman Sachs foresees a rise in Japanese share prices in the 12 months from Mar 1997. Real estate and banks have been helped by government announcements relating to land policies. Fiscal contraction is likely to affect demand but consumption should later resume growth. Companies are likely to see a strong growth in profits. Some companies could be hit by deregulation and they include oil refiners and city banks, but consumer credit companies and conventional stores should benefit.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Land of the falling yen
Article Abstract:
A passive approach to investment in Japanese equities would see benefits from a rise in their value in Sep 1995, while an active investor could have sold when prices were low in Jun 1995. A combination of deflation, problems in the banking system and difficulties facing exporters made it appear unlikely that equities would rise in value in Jun 1995, yet they have done so. Corporate earnings growth is likely to recover in Japan which should further boost share prices.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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