Wednesday February 15, 2012

JAPAN NEWS AND DISCUSSION

Gov't may seek additional steps to stem diving share prices after Nikkei closes at 26-year low

Business Mar. 09, 2009 - 08:33PM JST ( 18 )

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18 Comments

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bobbafettMar. 09, 2009 - 03:49PM JST

Still some downtime to come. It may near hit 5000 points before investors can see the potential in getting anything out of Japanese stocks when the markets finally come good end of 2009 start of 2010.
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herefornowMar. 09, 2009 - 05:08PM JST

Watanabe-san hit the nail on the head. Japan has had many years to develop a stronger domestic economy, but has failed to do so. So long as the U.S. was growing and buying Sony's and Toyota's, it was easy to ignore the real weakness in the Japan model -- too much reliance on exports But, now the truth is glaringly obvious. And, worse, recovery is totally dependent on Obama and the U.S. being able to turn things around. Japan has no clue how to make its own economy grow -- other than build roads or give JPY 12,000 to everyone.
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bamboohatMar. 09, 2009 - 06:20PM JST

This global economy is really going to shake things up. The world that will emerge from it will be much different than now. I don't think it will happen any time soon. When it does start to rebound, as it eventually will, I doubt Japanese Electronics and Cars will or can be competitvely priced. They are going to have to turn to another model.

Japan's only hope may be to completely open it's doors to foreign workers and business owners that know how to start and grow a business to fuel Japans economy, which means Japan has some serious thinking to do as a nation.
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herefornowMar. 09, 2009 - 06:23PM JST

bamboohat -- agree completely. However, when was the last time this country did "some serious thinking...as a nation"? I've seen no evidence of it, and no capability of doing so.
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rajakumarMar. 09, 2009 - 08:18PM JST

If 5000 pts,is the lowest point to rise back again,I say let it hit that level faster.

The faster we let it go down,the faster Nikkei and other marts will make their gain rise again.
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bobbafettMar. 09, 2009 - 09:35PM JST

Rajkumar,

amazingly the Nikkei was worth 44,000 points a few years back. It has been dying a rather fast death since. I wonder where it will finally come to rest?
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Goals0Mar. 09, 2009 - 10:26PM JST

Q. What was the Nikkei 225's peak?

A. The average peaked at 38,915.87 points on December 29, 1989.
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some14someMar. 09, 2009 - 10:37PM JST

Gov't may seek additional measures...means pension funds gone and more suicides to follow.
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Ah_soMar. 09, 2009 - 10:53PM JST

Why invest in Japanese equities? They yield little no dividends, so seem pretty pointless as an investment. P/E ratios are generally at about 20, even higher than the over-priced Dow, with even less reason to be.

The only argument in their favour in recent years is that they are trading below book value. All well and good, but there is no way to unlock the book value.

Japanese equities are not something to "invest" in in the truest sense of the word. They are only something to speculate on.
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rajakumarMar. 10, 2009 - 12:17AM JST

From 1989, Nikkei has risen 38,916 pts to may fall 5000 pts in 2009.

Do not worry,actually all money is still around nobody want to put in Stockmarts,for fear of loss. When there is no possibility of further loss,money will start trickling in.

Market lows at 5000 pts,does not mean death. Investors are still there with billions,the smarter ones.

They will come back,when nikkei goes to its lowest level and will not go lower. Same scenario in USA. This is the hard tactics of investors,there is no mercy.

Only profits and rises in sales,has mercy of billion dollars funds. They have sent many nations to IMF. In 1997,they sent thailand,south korea and Indonesia to IMF.

Now they want to send USA,Japan and others to IMF. These guys has succeeded, and will gain,big profits later as they will buy companies at low costs with their stash.

Buy and sell,is the name of game,they the megabillion dollar funds, make the rules.

The name of game,is to buy up companies at low costs,at some point of time in future,when everyone does the bull run,after the big bear crushing run.
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70x4060dMar. 10, 2009 - 03:56AM JST

The Nikkei should be under 2,000 by real value. It is still way overinflated, and we shorters are still making mad cash.

The government can do nothing aside from pass a law that says you may not sell a share for less than you bought it. This is a free market, and it is still nearly 60 times overvalued. We will continue to short out profits despite laws against it (brokers need money).
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70x4060dMar. 10, 2009 - 05:41AM JST

But there hey guy, dude, the Nikkei there guy is still overvalued there guy.
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herefornowMar. 10, 2009 - 05:56AM JST

70x4060d -- "brokers need money". Not an opinion shared by all. Me being one. Brokers, and their kissing cousins, traders, caused much of this financial meltdown via their unscrupulous chasing of money. Many of you folks were selling products you did not even understand -- and didn't care. Now, you are shorting the market. In effect hoping that honest people who put their savings into stocks lose their investments. You add no value, as evidenced by the fact that all the "profits" made by the securities companies over the past decade have all been wiped out in a matter of months. I don't know what you are so proud of.
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medievaltimesMar. 10, 2009 - 09:21AM JST

herefornow - How are brokers and traders "unscrupulous" for chasing money? As long as no laws were broken it really can't be considered "unscrupulous" can it?

I agree that some of them "sell products you did not even understand-and didn't care". But that's just the nature of some salespeople and it's not isolated to just this field. Doesn't the buyer/customer have the ultimate responsibility to decide whether or not to buy/sell (or even invest their money in the first place)? If a customer blindly follows a broker whose fault is that? Also, there are laws put in place to protect the customer.

It's quite simple really. If the market is over-valued, it will correct itself in time. If the market is under-valued, it will correct itself in time. Of course some markets are more stable than others, some markets are more transparent than others, some markets pay better dividends than others etc etc etc. But it is the choice of the customer to decide if this is how they want to manage their money. To blame the brokers and traders for this financial meltdown isn't quite accurate.
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YelnatsMar. 10, 2009 - 10:35AM JST

I loved it whenit was at almost ¥40,000. Real estate agents took me out wining and dining all over the place. Funny, I never see them any more.
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GJDailleultMar. 10, 2009 - 11:57AM JST

herefornow - good posts. As for being "unscrupulous", setting yourself up as an "expert" and then charging people for your "expertise" when you don't actually know much of anything is pretty much the definition of unscrupulous. Their job was just to get meat to feed the machine. As for Japan, any intervention would be pointless and would just show a lack of understanding what the problem is. Stepping in front of the wealth destruction train isn't going to work.
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bebertMar. 10, 2009 - 02:57PM JST

I doubt Japanese Electronics and Cars will or can be competitvely priced.

They don't have to be. People buy Japanese cars because their last American car blew its transmission at just 50,000 miles (and that was after a half dozen other "things gone wrong" such as window regulators burning out and dome lights falling out of the headliner).

Sony, on the other hand, might as well shut down and sell all its assets to the Chinese. What the hell happened to those guys?
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BentoMar. 10, 2009 - 07:27PM JST

nikkei still 60 times over valued..cobblers mate..it may be overvalued but its nothing like that..the nikkei is still overvalued by western market measures,but it is not a western market..by historical standards it is looking at its best value in decades.However it may well sink lower in the short term.