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  • Japanese Yen Puts Sony at an Advantage Over Microsoft

    By Alexander Cho - July 3, 2013 | Tickers: EWJ, MSFT, NMR, SNE

    The Japanese equity markets have been in a bit of a tailspin lately. However if investors are patient, there is very likely to be a lot more upside in both the Japanese equity market and in the Dollar-Yen currency pair.

    Currency market

    <img alt="" height="619" src="" width="646" />

    Source: FreeStockCharts

    I believe that the dollar-yen currency pair may have even greater upside from the 99 level. The reasoning is pretty simple; the Bank of Japan is more »

  • Why Now Is the Time to Invest in the Smartest Guys on Wall Street

    By Matthew Frankel - July 1, 2013 | Tickers: GS, MS, NMR

    Goldman Sachs (NYSE: GS) has always been one of my favorite companies to follow, but it has been difficult to invest in over the past few years. Unlike most financials, Goldman rebounded rapidly after the financial crisis, only to dive again in late 2011. Shares are up considerably this year, but are still a long way below their pre-crisis $250 share price. Despite the roller-coaster ride, I still believe that more »

  • Japanese Banks and the New Interest Rate Context: How Will They Perform?

    By Louie Grint - July 1, 2013 | Tickers: MTU, MFG, NMR

    The recent changes in the Japanese economic policy and the volatility in the yen/dollar exchange rate are altering local banks' valuations. Japanese banks’ portfolios have a big proportion of Japanese bonds, which will would lose value in the event of rising rates.

    As we know, Ben Bernanke’s indication to reduce the monetary stimulus in the U.S. raised concerns all around the world. Higher interest rates in America more »

  • Buy Japan on the Dip

    By Alexander Cho - June 11, 2013 | Tickers: NMR, SNE, TM

    The Nikkei 225 has fallen 18% since the beginning of May. The Japanese equity market is struggling with currency deflation paired with low levels of economic growth and structural economic issues with population growth. Despite all of these issues there is a narrow window of opportunity for buying Japanese equities.

    Short-term pull-back followed by currency depreciation

    Some believe that weak economic data in the short-term means that Japan's monetary more »

  • Bank of Japan Joins The Printing Parade

    By Patrick King - April 6, 2013 | Tickers: EWJ, JPM, NMR

    The Bank of Japan has embarked on a new stimulus program similar to that of the U.S. Federal Reserve and the European Central Bank. If you partake of the Keynesian Cool-Aid, you doubtless think this is a "good thing", whereas if you are a right thinking Austrian, you are shaking your head as yet another quasi-governmental agency makes a vain attempt to fix a real economy by printing fake more »

  • Rising Stocks of the Rising Sun

    By Ryan Cole - December 31, 2012 | Tickers: HMC, NMR, PCRFY, SNE, TM | Editor's Choice

    At a glance, Japan appears to be a mess.

    With GDP contracting at a 3.5% clip last quarter – and the previous quarter’s small growth revised to a small contraction – the country is officially in recession. The current quarter is expected to see GDP fall even further.

    A trade spat with China has hurt the economy. Poor economic growth around the world has hurt exports. The country’s debt-to-GDP more »

  • A High-Quality Investment Bank

    By Andrés Cardenal - June 25, 2012 | Tickers: GS, NES.DL, NMR, RJF

    Investment banks are not for the faint of heart -- their operations are complex and accounting rules are quite soft on disclosure requirements, so it’s hard for investors to get a good understanding of a company's risk exposure in the sector. Besides, government regulation is a permanent source of uncertainty for these companies all over the world.

    The collapse of many big players in the industry during 2008/2009 more »