Seeking Alpha "Will Tokyo Take The Gold?"
31/05/12 16:04
Tokyo, Japan, will be competing against Istanbul, Turkey, and Madrid, Spain, to host the 2020 Olympic Games. The winner will be selected by the International Olympic Committee (IOC) on September, 20, 2013. These three short-listed candidates have 15 months to lobby for votes and impress the committee. This is Tokyo's second bid to host the Olympic Games and they are already a favorite. Tokyo has put aside 400 billion yen to ensure funding and would build 20 new venues to accommodate the event. Doha, Qatar, and Baku, Azerbaijan, were recently dropped from the list of applicants. The IOC determined that Baku's infrastructure and experience were not sufficiently developed at this point in the process.
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Seeking Alpha "Japan's Market is Looking Up"
09/05/12 07:18
Japan's market took a nose dive following last year's earthquake and nuclear disaster. But Japanese stocks may already be poised for a comeback. Consumer spending is already improving and corporate earnings are expected to rise 69% this year. Currently, Japan's equities are the most expensive among the world's 60 biggest markets. The Nikkei 225 is up 35% since March 2009. Policy makers in Japan have committed to spend 20 trillion yen to rebuild and spur economic growth. Also, the Bank of Japan pledged in April to continue adding monetary stimulus.
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Seeking Alpha "Japan and China: New Currency Pact Lifts Chinese Yuan Status"
09/01/12 11:07
China and Japan reached an agreement on what is being referred to as a currency pact in December. As part of the agreement Japan will hold Chinese bonds as part of its foreign exchange reserves. Tokyo will purchase about $500 million worth of Chinese government bonds this year. Japan will likely add yuan slowly to its forex reserve, building its yuan holdings to around $10 billion over the next five years. The small size of the Chinese bond market will limit the pace of accumulation. Currently the US dollar makes up 80% - 90% of Japan’s forex holdings. By adding yuan-denominated bonds to its reserve holdings Japan will join the ranks of Nigeria, Malaysia, Thailand, and Chile.
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