The gyrations of the last two days aside, here's a good representation of how the Japan trade is captivating the global investing class. Michael McDonough of BloombergBriefs.com tweets this photo which really drives home how much money has come in this year vs. recent years. Please follow Money Game on Twitter and Facebook. Join the conversation about this story »
It seems the correlation to USDJPY has started to disintegrate and what is more worrisome for the BoJ is the linkage between JGBs and the Nikkei 225. Equities in Japan are about to open to a modest bounce around 1.5% but JGB prices are down around 0.50 (half the limit-down price moves). Show More Summary
Mike O'Rourke of JonesTrading wales on the various Fed Heads and the Bank of Japan for having created a ridiculous situation where the entire market is just obsessed with every utterance from central bank chiefs, sucking away the oxygen...Show More Summary
Bank of America joined the rest of the market, and remained relatively flat on little news, ending the day down 0.68%. Economic news out of Asia, including increasing bond yields in Japan, and weak manufacturing data from China, led the market down early this morning, before the market recovered and ended the day nearly even. Show More Summary
Japan crashed a stunning 7% last night. This came after day after day of rallying. Now everyone's concerned that the great Abenomics rally is unwinding. Its market is about to open. We'll have it here LIVE in a couple minutes. Please follow Money Game on Twitter and Facebook. Join the conversation about this story »
A 7% plunge for the Japanese stock market shows its exposure to China's slowdown.
U.S. investors have anxiously awaited even a small correction, yet the Dow Jones Industrials and the S&P 500 have nevertheless powered higher to all-time record levels on nearly two dozen occasions so far this year. Yet, for international investors, last night's plunge of 7% for Japan's Nikkei 225 index represented a bigger correction than U.S. Show More Summary
Maiden Lane, NYC · The Line for Dominique Ansel's Cronuts Is (Still) Insane · The Road to Becoming a Sushi Chef: Japan Vs. L.A. · Brainwashed 9-Year-Old Girl Told McDonald's CEO: Stop Tricking Kids · Lady Chef Stampede: Amy...
Here are some paparazzi shots from the now-filming Godzilla, which shows the destruction of a small finishing village in Japan and a bunch of locals running from the beast. The film’s cast includes Aaron Taylor-Johnson, Ken Watanabe, Elizabeth Olsen, Juliette Binoche, David Strathairn and Bryan Cranston and a camea by Akira Takarada. Directed by Gareth... Read More
By The Federal Reserve Bank of Atlanta: By Dave Altig In a speech delivered Tuesday to the Japan Society in New York City, Federal Reserve Bank of New York President William Dudley offered his view on how he might assess the appropriate...Show More Summary
If JGB investors 'believe' as Richard Koo earlier noted, in the BoJ's new actions and Abenomics (to double the monetary base and generate inflation), then, Kyle Bass explains, a rational investor is likely to sell a portion if not all of them. Show More Summary
The U.N. has called on Japan to outlaw sexual harassment and discrimination in the workplace, siding with the plight of former Prada employee Rina Bovrisse, who sued the label four years ago upon discovering that its Japan executive, David Sesia, had ordered the demotion or transfer of female employees he deemed "old, ... More »
Like every luxury label and its mother, Stella McCartney is expanding in Asia, where she spent the past week boosting her profile with a multicity tour through Japan and China. She celebrated a new flagship store in Beijing (in an ecofriendly building, no less!), hosted a black-tie dinner in Shanghai, presented ... More »
An ancient sword, the Kusanagi-no-Tsurugi, is linked to ancient tales of gods and serpents in Japanese lore. The sword is seen as a weapon of immense power, a weapon that legitimizes the rule of a Japanese emperor. But where is this sword now? Read more...
Whenever a major stock market falls by more than seven per cent in a single trading session, as the Japan’s did on Thursday, there’s a frantic search for culprits: program trading gone awry, stricken hedge funds unloading their positions, a sudden shift in government policy, weakness in the currency markets—over the years, we’ve heard them all. Show More Summary
Who’s ready for another Geyser of Awesome field trip? This time we want to go to the Asahiyama Zoo in Hokkaid?, Japan. And to get there we want to ride the Asahiyama Zoo train because the seats are furry and shaped like animals - two-headed animals with wide, staring eyes. It’s just the right combination of cute and creepy. [via Neatorama]
U.S. equity markets opened sharply lower this morning, taking a lead from Japan's Nikkei, which fell more than 7% for the day. Japan's government bond yields spiked until the Bank of Japan intervened. Japan-focused ETFs got clobbered today. Show More Summary
I woke up to some very exciting and unexpected news today as HyperDevbox Japan has announced that ExZeus 2 is in the works and is heading to the App Store soon. If you aren't familiar (and I won't blame you if you aren't), the original ExZeus [$2.99] was a somewhat obscure arcade game that came [...]